A bit player only a decade ago, China has emerged as one of the most important forces in the global gold market, helping fuel the rising value of the precious metal.
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Wednesday, 29 February 2012
China refines its role in global gold market
China, the world's largest producer of gold, will soon be the biggest buyer of it. Its spree is fueled partly by the government as it boosts its reserves but mostly by consumers seeking a hedge against inflation or to show off their wealth.
A bit player only a decade ago, China has emerged as one of the most important forces in the global gold market, helping fuel the rising value of the precious metal.
A bit player only a decade ago, China has emerged as one of the most important forces in the global gold market, helping fuel the rising value of the precious metal.
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