Pursuits
Gold Demand Drops as China Loses Biggest-Buyer Spot to India
How India May Rattle the Global Gold Market
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Gold demand fell for a third year on a slump in purchases from China, costing the country its place as the world’s biggest buyer.
Global demand slid 4 percent to a five-year low of 3,923.7 metric tons in 2014, the World Gold Council said in a report Thursday. In China, purchases of bars and coins for investment dropped by 50 percent and jewelry buying retreated from a record, according to the London-based group.