China is responsible for about 11% of global gold production, making it the largest producer of gold in the world. In fact, since it overtook South Africa for the lead in 2007, it has dominated the ...
Gold demand in China, the world's biggest consumer, plunged in Q3 as record prices and a sluggish economy hurt consumption, especially for jewelry, Bloomberg reported Monday. Total demand fell 22% ...
Gold demand in China — the world’s biggest consumer — plunged by more than a fifth in the third quarter as record prices and a sluggish economy dented consumption, especially for jewelry ...
Total demand fell by 22% to 218 tons in the three months to September, according to Bloomberg calculations based on data from the China Gold Council on Monday. Jewelry consumption tumbled 29% to ...
Gold weakens after the China Gold Association highlights a drop in the consumption of Gold for jewelry. The rising price of Gold is posited as the main reason behind the reduction in demand.
Record-high gold prices have supported investment demand but put a big dent in China's gold jewelry market. Jia said the stimulus measure would likely provide support for Chinese economic growth, ...
Jewelry demand has long been the biggest driver of gold markets in China, though recent research shows a growing segment of investors looking to purchase bullion. Chinese demand for gold ...