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China Gold Demand May Surpass India by End of This Year, Goldcorp CEO Says
Jul. 28, 2011 08:44PM PST
Precious MetalsBloomberg reported that demand for gold from China may be higher than India’s demand by the end of 2011.
Bloomberg reported that demand for gold from China may be higher than India’s demand by the end of 2011.
The market news is quoted as saying:
While global demand for gold is advancing on concerns about financial turmoil in the U.S. and some European countries, consumers in China are buying larger amounts of the metal as an inflation hedge.
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