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Friday, 01/24/2014 12:29:07 PM

Friday, January 24, 2014 12:29:07 PM

Post# of 46662
China becomes top gold consumer in 2013

http://www.cnbc.com/id/101360569

China has overtaken India as the world's largest gold consumer thanks to soaring purchases of jewelry, minted Panda coins and small gold bars.

According to the Thomson Reuters GFMS gold survey, the most widely followed report on the industry, Chinese demand reached 1,189.8 tons last year, a 32 percent year-on-year jump and a fivefold increase since 2003.

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