China’s Gold Investment to Top Record: Cheng

Bloomberg reported that the World Gold Council sees Chinese gold investment reaching record highs.

The market news is quoted as saying:

The country’s investment demand surged 70 percent in 2010 to an all-time high of 187 tons, said Albert Cheng, the Far East managing director at the World Gold Council. China’s “investment demand has picked up exponentially,” Cheng said yesterday in an interview in Montreal.

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