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China’s Demand, Investment Attitude Towards Gold Will Dictate Price
Nov. 21, 2012 06:41AM PST
Precious MetalsMoneyWeek reported that China, as the world’s biggest consumer and producer of gold, will carry tremendous weight in influencing gold prices.
MoneyWeek reported that China, as the world’s biggest consumer and producer of gold, will carry tremendous weight in influencing gold prices.
As quoted int he market report:
According to the World Gold Council, China’s gold demand has risen by 27% a year since 2007. Its share of world demand has doubled from 10% to 21%. Earlier this year, it replaced India as the world’s biggest consumer of gold.
To view the whole MoneyWeek report, click here.
