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

China buys, produces record amounts of gold

Posted on 11 February 2014

China’s output and consumption of gold rose to record levels last year, entrenching the country’s position as the world’s largest producer and an opportunistic buyer of bargain-price commodities.
The unprecedented level of Chinese purchases came as prices of the precious metal tumbled 28% to end the year at $1,205.99 an ounce, its lowest level since September 2010, according to data from investment service BullionVault………………………………………..Full Article: Source


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