Lower Gold Prices May Stagnate Chinese Demand

Bloomberg reported that China’s demand for gold may slow down as investors shy away due to lower prices.

As quoted in the market news:

Stagnating demand growth in the second-largest economy may help to extend the precious metal’s 17.5 percent slump from a record and derail a World Gold Council projection that China may displace India as the top user on an annual basis this year.

Click here to read the full Bloomberg report.