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.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment