The latest report from the World Gold Council said that China's gold demand could hit 1000 tons this year, overtaking India as the world's largest gold market. India's average yearly imports of should be 963 tons. According to the Council, "China will probably be the world's biggest gold consumer this year for the first time on an annual basis" as driven by "both jewelry and investment demand. Jewelry will be the biggest overall demand segment, but investment will grow fastest". Meanwhile, it also expected that jewelry demand would "increase globally this year as a proportion of overall gold demand for the first time in 12 years".
Popular Posts
-
Germany is set to accelerate away from France and Italy in 2014 as the fragmented euro zone economy gradually recovers from its worst crisi...
-
"Pour rendre l'eau accessible – c'est-à-dire la pomper , la traiter , la transporter , la distribuer – il faut de l...
-
Growth in China's services sector hit a five-month high in August, underpinned by optimism over government policy measures, a private ...
-
On the eve of the 16th EU China summit, we were caught up with the president of the European Commission, Jose Manuel Barroso, to find out ...
-
Data showing the best annual growth in Britain since 2007 gave UK markets a lift on Tuesday, helping stocks to recover from their worst lev...
-
With scant energy and mineral reserves of its own, and nuclear plants mothballed since the Fukushima nuclear disaster, Japan is investing ...
-
Americans are once again spending more on credit, increasing their borrowing by $19.6 billion in May, according to the US Federal Reserve....
-
Brazil's main opposition party moved closer to selecting a presidential nominee on Monday, after its candidate in the last election ba...
-
China's gross domestic product growth slowed to 7.5 percent in the second quarter, down from 7.7 percent in the first quarter, the Nat...
