Subscrib

Log In

Chinese gold demand may rise 20% by 2017: industry body

Chinese gold demand may rise 20% by 2017: industry body

China's annual demand for gold could jump around 20 percent by 2017 as more of its increasingly wealthy population seek new ways to make money, the World Gold Council predicted on Tuesday. The forecast by the WGC comes after China became the world's largest gold-consuming nation in 2013, overtaking India. Annual demand for gold in the form of jewellery, coins and bars is set to hit "at least 1,350 tonnes by 2017", the WGC said in a report on China. Gold prices slumped by a nearly a third last year as investors abandoned the perceived safe haven investment in favour of stocks and other riskier bets.
China's annual demand for gold could jump around 20 percent by 2017 as more of its increasingly wealthy population seek new ways to make money, the World Gold Council predicted on Tuesday. The forecast by the WGC comes after China became the world's largest gold-consuming nation in 2013, overtaking India. Annual demand for gold in the form of jewellery, coins and bars is set to hit at least 1,350 tonnes by 2017, the WGC said in a report on China. Gold prices slumped by a nearly a third last year as investors abandoned the perceived safe haven investment in favour of stocks and other riskier bets.
China's annual demand for gold could jump around 20 percent by 2017 as more of its increasingly wealthy population seek new ways to make money, the World

Economy of China - Wikipedia

China's Impact on Gold Prices in 2014

The Demand for Physical Gold the Impact of Asia, Alchemist

A Power Struggle Over Cobalt Rattles the Clean Energy Revolution - The New York Times

Thailand Industry Outlook 2024-2026

Gold demand hit record highs in 2023 amid geopolitical risks, China weakness

Chinese Gold Demand Charts Healthy Increase Through First Half of 2023

Learn About the Chinese Domestic Gold Market

Gold Surge Dulls China Demand, Growth Woes Weigh on Shoppers - Bloomberg