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China becomes world’s largest gold buyer

Posted on 23 May 2011

Gold and silver are higher again today with the debt-laden dollar, euro and yen all being sold. News that China has become the world’s largest buyer of gold bullion and has seen investment demand double continues to reverberate in the markets and may have contributed to this morning’s strength.
Both gold and silver are marginally higher for the week and after last week’s gain appear to have regained their poise and are consolidating after the recent sell off……………………………………….Full Article: Source

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VRS - who has written 40685 posts on Opalesque Commodities Briefing.


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