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

Chinese gold imports surging - and still growing

Posted on 27 May 2011

Chinese demand for gold bars and coins as private investments could push bullion imports above 400 tonnes in 2011, leading global consultancy GFMS said on Friday.
Increased appetite for silver investment products too, combined with a forecast 16 percent annual growth in industrial demand, means China’s total silver consumption could outstrip domestic supply this year, said Philip Kalpwijk, executive chairman of GFMS……………………………………….Full Article: Source


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