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Strong consumption power drives gold price to rise
Gold consumption was 554.88 tons in China during the first half of this year, seeing a 16.37 percent increase year-on-year, according to the latest data released by the China Gold Association. China's economy has picked up and improved, and the overall national gold consumption has shown a rapid recovery trend, said The Paper. The consumption of gold jewelry in H1 was 368.26 tons, an increase of 14.82 percent; consumption of gold bars and coins was 146.31 tons, up 30.12 percent year-on-year. Due to the price of gold remaining at a high level, consumers are more inclined to buy light-gram products, and the sales ... (full story)