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China May Match India as World’s Biggest Gold Consumer
Mar. 23, 2011 12:29PM PST
Precious Metals InvestingBloomberg reported that China’s consumption of gold may surpass India’s.
Bloomberg reported that China’s consumption of gold may surpass India’s.
The market news is quoted as saying:
Bullion soared to a record $1,444.95 an ounce on March 7 and rallied 30 percent last year for a 10th annual gain as investors sought to preserve their wealth against inflation, Middle East unrest and currency debasement.
