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

China plans doubled gold consumption in three years

Posted on 07 December 2012

China’s Ministry of Industry and Information Technology announced that it expected gold consumption in the country would be running at more than double national gold production by the end of 2015, more than double Chinese gold consumption forecast for 2012.
According to the MIIT statement, domestic demand is set to surpass 1000 tons by the end of 2015. It said this would ‘widen the fundamental market shortage’ and noted that the shortage of supply will persist in the coming few years as domestic gold supply ‘might only reach 450 tons by that time.’……………………………………….Full Article: Source


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