Friday, October 27, 2017

Investorideas.com - China's Importance in the Gold Market

Investorideas.com - China's Importance in the Gold Market




China's Importance in the Gold Market



October 27, 2017 (Investorideas.com Newswire) China has been accumulating a lot of bullion over the past decade. It is also the largest producer of gold in the world and - along with India - one of the biggest consumers of the yellow metal. According to the World Gold Council's data on the second quarter of 2017, China accounts for about 28.6 percent of the jewelry demand, and for about 26 percent of total bar and coin demand. And China - with its almost 1843 tons of gold - owns the fifth largest gold reserves in the world.



full  article  http://www.investorideas.com/news/2017/mining/10273China.asp

 
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