GFMS expects China gold demand to grow 1% to 860 metric tons in 2012

Philip Klapwijk, an executive of Precious Metals Consultancy GFMS Ltd., said on November 8 that China’s gold demand will increase 1% to about 860 metric tons in 2012, which will ensure it is the largest gold consumer in the world instead of India.

Source (Chinese): Fx678 via BrightWire News.