11.02.2014 - China buys, produces record amounts of gold |
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 |