Commodity Trade Mantra

Posts Tagged ‘Chinese Gold Consumption’

Russia Ukraine Tension Escalation Could Drive Gold Prices Higher

Worries about the likely financial fallout from the ongoing moves towards sanctions over Russia’s advances on Ukraine could drive gold sharply upwards short term, with the prospect of a sharp increase should matters escalate. But we shall see. Nothing is ever certain with the gold market.

Gold Demand In China For 2013 May Exceed 1,100 Tons

Physical demand for gold in China has skyrocketed this year after prices plunged in April and June and Chinese consumers have soaked up about 800 tons for the year to Nov. 15, according to World Gold Council, beating India, their biggest rival – Moreover, it is also the world’s top gold producer.

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