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Commodities Briefing - Categorized | Bullion/Gold, Performance more

China “clearly” now world #1 for gold buying

Posted on 28 January 2013

China has finally overtaken India as the world’s largest end-market for Buying Gold according to analysis of the latest data, and is now “clearly” the world No.1. Despite India importing more gold than China did in 2012, “China is [also] the world’s biggest miner of gold,” writes Nic Brown at French investment bank and bullion dealer Natixis’s office in London.
India has no domestic gold mining output. Its private demand for gold – the world’s heaviest on official data since the early 1990s, and most likely the No.1 for centuries before that – has been blamed for the country’s huge trade deficits of 2011 and 2012………………………………………..Full Article: Source


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