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Demand for gold will remain robust during 2010 as a result of accelerating demand from India and China, as well as increasing global investment demand driven by continuing uncertainty over public debt and economic recovery, the World Gold Council ("WGC") said.

Commodity markets suffered in May as negative investor sentiment and broad-based macro-themes resulted in losses. However, recent price weakness may provide opportunity as fundamentals remain strong.

The 12-member Organization of the Petroleum Exporting Countries' (OPEC) crude oil production output averaged 29.21 million barrels per day (b/d) in April, 90,000 b/d lower than the 29.3 million b/d estimated for March, according to a just-released Platts survey of OPEC and oil industry officials and analysts.