Gold loses lustre

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The Independent Online
DEMAND FOR gold in the first three months of the year slipped from the previous quarter's level, the World Gold Council said yesterday.

The total for the 27 markets covered was 787.6 tonnes, down from 806.6 tonnes in the last quarter of 1998 but 62 per cent ahead of the 484.7 tonnes a year ago, when the Asian economic crisis sparked mass dishoarding.