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Global gold demand slips 11pct in Q3 as China’s economy bites - WGC

Posted on 16 November 2012

Global gold demand dropped 11 percent in the three months to September from record levels seen in the same period last year, dampened mainly by fading Chinese fervour as its economy slowed, with stronger Indian demand stemming a larger fall, the World Gold Council said.
Chinese gold consumption fell 8 percent in the July to September period to 176.8 tonnes, the WGC’s quarterly demand trends report showed on Thursday, with both jewellery and investment demand hurt by a slowing economic growth………………………………………..Full Article: Source

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VRS - who has written 38089 posts on Opalesque Commodities Briefing.


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