The Finance Insider blog

Search This Blog

Blog Archive

The Finance Insider

Wednesday, May 7, 2014

Gold consumption in China is on the rise.

According to data from the China Gold Association. Jewelry purchases increased 30% to 232.53 metric tons in the first quarter. Despite the increase in consumption, demand for bars fell 44% to 67.95 tons as investors lightened up. Gold production rose 7.3% during the period. Analysts forecast 2014 could be the first year since 2002 that demand for gold in China doesn't increase.

No comments:

Post a Comment