WGC: significant untapped growth potential exists in the Chinese gold market

Chinese demand for gold is set to double in tonnage terms within just ten years according to the latest World Gold Council (WGC) publication, Gold in the Year of the Tiger. Chinese gold consumption was worth more than $14 billion in 2009 – equivalent to 11% of global demand. The report shows that over the past five years, demand for the metal has increased at an average rate of 13%/y in China. (more…)