China Gold Demand Seen Falling 17% This Quarter Amid Price Rally
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The China Gold Association said demand in the Asian nation, the world’s largest consumer, may decline 17 percent this quarter from a year earlier after a 2013 surge in purchases of bars and jewelry.
Demand may drop to 250 metric tons from 300 tons, Zhang Yongtao, vice chairman of the Beijing-based group, said in an interview March 7 in New York. Usage surged 41 percent to 1,176.4 tons in 2013 from the year before, the group said last month.