Thursday, May 17, 2012

Chinese gold demand hits record

Chinese demand for gold hit a record in the first quarter of 2012, according to the World Gold Council (WGC).
Chinese demand for jewellery and gold as an investment hit 255.2 tonnes in the period, helped by purchases during the Chinese New Year holiday.
The WGC said inflation and restrictions on the property market were likely to boost demand further.
But overall, global demand fell 5% to 1,097.6 tonnes, which the WGC blamed on a sharp rise in gold prices.

Read more: BBC News


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