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3 Feb 2016
China’s gold demand expands on increased flight to safety – China Gold Association
FXStreet (Mumbai) - In its latest gold report released on Wednesday, the China Gold Association noted that China’s gold demand will continue to increase as investors seek safe assets in light of the recent Chinese stock market turmoil and make investments in jewellery.
The report showed that, China’s consumption climbed 3.7% to 985.9 metric tons in 2015 from a year earlier. Gold jewellery demand gained 2.1% to 721.58 tons last year, while bar consumption added 4.8% to 173.08 tons and coin buying rose 78% to 22.8 tons. While industrial use increased 3.5%.
The report showed that, China’s consumption climbed 3.7% to 985.9 metric tons in 2015 from a year earlier. Gold jewellery demand gained 2.1% to 721.58 tons last year, while bar consumption added 4.8% to 173.08 tons and coin buying rose 78% to 22.8 tons. While industrial use increased 3.5%.