China is responsible for about 11% of global gold production, making it the largest producer of gold in the world. In fact, since it overtook South Africa for the lead in 2007, it has dominated the ...
Gold demand in China — the world’s biggest consumer — plunged by more than a fifth in the third quarter as record prices and a sluggish economy dented consumption, especially for jewelry ...
Total demand fell by 22% to 218 tons in the three months to September, according to Bloomberg calculations based on data from the China Gold Council on Monday. Jewelry consumption tumbled 29% to ...
Vietnam's gold ring price hit its record high of 89 million dong (3,510 dollars) in late October. (A tael equals 37.5 grams or 1.2 ounces). Enditem Follow China.org.cn on Twitter and Facebook to join ...
Gold prices may rise to $2,800 per ounce by year-end and could even reach $3,000 next year, according to recent estimates by financial services provider UBS. Factors driving gold price hikes include ...