Chinese Gold Demand Up Over 48% Over Last Year, Now Above 2019 Pre-Pandemic Levels?

Gold & Silver
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China’s gold consumption surged 48.44 percent year-on-year to 813.59 tons during the first three quarters as…

by Jason Burack of Wall St For Main St 

China’s gold consumption surged 48.44 percent year-on-year to 813.59 tons during the first three quarters as macroeconomic policies supported demand, an industry report showed on Thursday.

Domestic gold consumption during the first nine months was also 5.89 percent higher than the pre-COVID January-September 2019 level, said the China Gold Association.

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