Chinese Consumer Appetite for Gold Growing

Reuters reported that an increased demand for gold from Chinese consumers, may push them ahead of India as the largest global consumer.

As quoted in the market report:

The company reckons that Chinese cities at or below so-called third tier status will account for more than 40 percent of the country’s total jeweler market by 2015, up from 34 percent in 2010 and 29 percent in 2006.

To view the whole Reuters report, click here.