03.12.2013 - China gold consumption set to cool in 2014
While China has been a key source of gold demand this year, helping to offset selling from exchange-traded funds (ETFs) and a pullback in Indian consumption, the country's bullion imports may slow in 2014, according to ANZ. "Caution is warranted in expecting that the import growth of 2013 will be repeated next year. Over the medium-term, rising real interest rates and poorer capital returns for gold will reduce its desirability as a store of wealth," Victor Thianpiriya, commodity strategist at ANZ wrote in a report.....................................Full Article: Source
Print