China to Top World's Gold Consumption
BurelGold slumped in European session as investors took profit after the yellow metal soared over the past weeks. The World Gold Council in its latest report forecast that China would become the world largest gold consumer, with India in the second place. It estimated that private sector demand for gold in China will rise to at least 1 350 metric tons by 2017, hinging on the rise in real income, an vast amount of private savings and the traditional allure of gold to Chinese people.
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China to Top World's Gold Consumption
