04.10.2010 - China to become global gold leader
From Indiainfoline.com: China is all set to emerge as the global leader in gold with the country easing its laws to help import of the yellow metal. This will have a major impact on the global bullion trade as Chinese investors turn to the open market to satisfy their hunger for the metal. Chinese gold demand is expected to show at least single digit percent growth this year at a time when high prices are curbing buying in other major markets like India. This is likely to mean the shortfall between Chinese supply and demand which stood at 144 tonnes last year increases even further...........................................Full Article: Source
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