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Gold Jewelery Demand in China Surged 122% During H1 2021

From scrapmonster.com

The Chinese gold jewellery demand totalled 338 tonnes in the initial six-month period of the current year. This is 122% higher, compared to the corresponding period last year. The demand was boosted by strong economic growth, relatively stable gold prices and effective containment of the pandemic, said the latest market insights report published by the World Gold Council (WGC). Based on a survey conducted among 542 local jewellery retailers across China, WGC concluded that gold products maintained their dominance in the country’s jewellery market. The country witnessed huge popularity for heritage gold jewellery ... (full story)

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  • Category: Fundamental Analysis