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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Chinese set new standard in buying gold

Posted on 20 May 2011

China overtook India to become the largest market for gold bars and coins in the first quarter of this year, as rising inflation inspired a surge in bullion investment.
Chinese investors bought 93.5 tonnes of gold between ­January and March in the form of coins, bars and medallions, a 55 per cent increase from the previous quarter and more than double the level of a year earlier, according to data released by the World Gold Council on Thursday……………………………………….Full Article: Source


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