Mon, Dec 22, 2014
A A A
Welcome preal121
RSS

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

China: Gold Demand Drops 30% During May Day Break

Posted on 16 May 2014

The Chinese are buying less gold this year and demand during the Golden Week holidays that began on 1 May dropped some 30% from a year ago, according to a leading bullion exchange. After an extraordinary year for gold sales in 2013, the situation is back to something like 2012, according to Haywood Cheung, president of the Chinese Gold & Silver Exchange Society.
While China beat India as the biggest bullion consumer last year, the buying craze triggered by a price slump last April has not been repeated, according to Heraeus Metals Hong Kong………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38561 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031