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According to a report by the World Gold Council demand for gold jewelry by volume continued its growth of the past few quarters based on consumers across the globe taking advantage of a year-over-year 21 percent drop in the price of the precious metal. Economic recoveries in some countries also is viewed as a contributing factor for this continued growth. The amount of gold jewelry purchased in the first quarter of 2014 increased 3 percent year-over-year to 570.7 tons, the largest first quarter volume since 2005.

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