China gold bugs can’t get enough of the metal

November 27th, 2007 by GoldSilver | Posted in Economic News |

China’s gold demand jumped in the third quarter as a hedge against inflation and on strong expectations the stock market will continue to gain, the World Gold Council said yesterday.

Gold demand this year is expected to hit a record, the gold advocate said.

Gold demand in China, including, the Chinese mainland, Hong Kong, and Taiwan, rose 24 percent in the third quarter to 88.1 tons, the World Gold Council said yesterday in a report.

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