06.08.2015 - How China Plans to Dominate Pricing in the Gold Market
The rise of China, the world's most populous nation, is moving influence and assets from West to East. And this is having a dramatic effect on the gold market. China's efforts over the last two decades to modernize and urbanize its economy have created a burgeoning middle and upper class with growing disposable income and net worth. China has a long-time affinity toward gold. For the past several years, it's consistently been one of the top two gold consumers worldwide. (India holds the title of No. 1 gold consumer – for now.) China is also the world's largest gold producer. So it stands to reason that China would want to exert more influence over the gold market – and gold prices...............................................Full Article: Source
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