Gold Demand in China May Gain to Record, Bullion Bourse Says

  • Financial-market turmoil, devaluation seen boosting demand
  • `Investors still prefer gold,' Chairman Haywood Cheung says
Photographer: Kiyoshi Ota/Bloomberg

Gold consumption in mainland China may match or exceed the record in 2013 after financial-market turmoil and the yuan’s devaluation boosted the metal’s appeal, according to the Chinese Gold & Silver Exchange Society, which also saw higher sales at jewelers in Hong Kong.

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