Tuesday 20 May 2014

China gold demand drops 18% in 1Q on fewer bar sales

China’s gold demand fell 18 per cent in the first quarter as investors in the world’s biggest user bought fewer bars and coins, offsetting record interest in jewelry, the World Gold Council said. Purchases declined to 263.2 metric tons in the three months through March from a year earlier, the London-based council said in a report today.   read more

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