By A Mystery Man Writer
China's annual demand for gold could jump around 20 percent by 2017 as more of its increasingly wealthy population seek new ways to make money, the World Gold Council predicted on Tuesday. The forecast by the WGC comes after China became the world's largest gold-consuming nation in 2013, overtaking India. Annual demand for gold in the form of jewellery, coins and bars is set to hit "at least 1,350 tonnes by 2017", the WGC said in a report on China. Gold prices slumped by a nearly a third last year as investors abandoned the perceived safe haven investment in favour of stocks and other riskier bets.
China's annual demand for gold could jump around 20 percent by 2017 as more of its increasingly wealthy population seek new ways to make money, the World Gold Council predicted on Tuesday. The forecast by the WGC comes after China became the world's largest gold-consuming nation in 2013, overtaking India. Annual demand for gold in the form of jewellery, coins and bars is set to hit at least 1,350 tonnes by 2017, the WGC said in a report on China. Gold prices slumped by a nearly a third last year as investors abandoned the perceived safe haven investment in favour of stocks and other riskier bets.
China's annual demand for gold could jump around 20 percent by 2017 as more of its increasingly wealthy population seek new ways to make money, the World
Global Iron Ore Market Report And Strategies To 2032
Minerals, Free Full-Text
China's Age of Malaise
Chinese gold demand may rise 20% by 2017: industry body
Chinese luxury consumers: More global, more demanding, still spending
Rising electricity demand will complicate electrification and decarbonization
Gold Surge Dulls China Demand, Growth Woes Weigh on Shoppers - Bloomberg
Central Banks Are Buying Gold at a Record Pace So Far in 2023
Reusable Water Bottle Market Size & Share Report, 2030
Long-term competitiveness for gold mining companies
Thailand Industry Outlook 2024-2026
China's Five-Year Plan Shows Shift in Priorities, Impacting Global Oil Demand - BTU Analytics
A global rise in alluvial mining increases sediment load in tropical rivers