who to believe?

From Bloomberg :

Gold Rises in London as Jewelers in India, Europe Stock Up

Nov. 24 (Bloomberg) -- Gold rose for a third trading session in four in London as jewelers in India and Europe stocked up on the metal to meet demand.

Jewelers bought a record $38 billion of gold in the 12 months ended in June as the global economy expanded, the producer-funded World Gold Council said Sept. 7. Jewelry demand, which makes up 73 percent of total consumption, gained 7.6 percent in the third quarter.

``Physical buying from India for the wedding season and in Europe before the Christmas holidays is underpinning the market,'' Ross Norman, a Saffron Walden, U.K.-based metals analyst with TheBullionDesk.com, said today.

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and from Reuters:

SINGAPORE/NEW DELHI (Reuters) - Investors across Asia are cashing in after gold's rally to an 18-year high on Tuesday, and Indian jewellery shops are desperate for new customers to maintain demand, dealers said on Thursday.

With the wedding season nearing an end, high global gold prices have stunted demand in India, the world's largest gold consumer. Dealers say imports are down and hundreds of jewellery shops and even banks are left with piles of unsold stocks.

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Could one of these reports be biased???!!!