| When the price of gold collapsed in the summer of 2013 Chinese buyers stepped in sensing a bargain, in the process putting China ahead of India as the world’s largest consumer of the precious metal.
This year, however, Chinese buyers have been conspicuous by their absence – and gold prices this week have hit a four-year low. Retail consumption fell by a fifth to 754.8 tonnes in the first nine months of the year compared with the same period last year, according to the China Gold Association, and few analysts believe it will rebound in the coming months even though bullion is at a five-year low in local currency terms...............................................Full Article: Source
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