Will A China Slowdown Affect Gold?

IB Times reported on the possibility that slowing economic growth in China could impact gold demand.

As quoted in the market news:

Aside from jewelry demand, China is a strong force in the investment aspect of gold. In the second quarter, China was the second largest investment market for gold. Total investment demand around the globe amounted to 359.4 tones, in which China accounted for 53 tones. The Chinese turn to gold as an investment as inflation in the world’s second largest economy heats up. In July, Chinese inflation rose higher than expected to 6.5%, a three year high.

Click here to read the entire IB Times report.