China Set to Become Largest Consumer of Gold This Year

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China is projected to surpass India as the world’s largest consumer of gold this year.  The South China Morning Post reports: China is poised to surpass India as the world’s largest gold consumer this year, with demand projected to climb 20 per cent, while India’s bullion buying will remain dampened by the weak rupee and […]

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Here are some charts on China’s demand for gold that’ll make your jaw drop.  Courtesy of Frank Holmes, writing for The World Gold Council (WGC) released its quarterly “Gold Demand Trends” report last week and, as always, it was filled with fascinating data on the strength of the global gold market. Gold demand grew […]

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Here’s an interesting gold story – China’s taking steps to open up its gold market.  Bloomberg reports: China will let more banks import and export gold and open trading further to foreign companies as near-record prices and falling stock markets spur demand in the world’s second-largest buyer of the metal. Gold prices gained. China may […]

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