Pursuits
China’s 2014 Gold Demand Slides 25% After ‘Extraordinary’ Year
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China’s gold consumption fell 25 percent in 2014 as the price collapse that triggered an “extraordinary” surge in buying the year before wasn’t repeated, the China Gold Association said.
Consumption declined to 886.1 metric tons from a record 1,176.4 tons in 2013, the Beijing-based group said in a statement on Friday. Demand for bars sank 59 percent, coin purchases slumped 49 percent and gold use in jewelry contracted 6.9 percent.