China’s gold consumption reaches 555 tons, rising 16.4% in the first half of 2023

from Global Times: China consumed 554.88 tons of gold in the first half of 2023, up 16.37 percent year-on-year, data from the China Gold Association (CGA) showed on Tuesday, as Chinese citizen’s income continues to rise steadily. The “gold rush” is partly fueled by the investors’ growing risk-aversion in buying equities and bonds, over concerns […]

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