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Commodities Briefing - Categorized | Bullion/Gold, Market Moves, Price Watch more

Gold price: From Diwali to the Chinese New Year

Posted on 30 November 2010

From Resourceinvestor.com: Surging demand from China, the world’s second-largest gold buyer, is changing seasonal patterns in gold price trends for investors everywhere. At this current pace, private Chinese demand may overtake India’s by 2014 (if not sooner), giving the world’s two most populous nations two ounces of gold in every five sold worldwide that year. But already, this further eastwards shift is showing in global gold prices.
Coinciding with the post-harvest wedding and festival season, Indian demand typically peaks with Diwali (the Hindu “festival of lights”) in early November……………………………………….Full Article: Source


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