China Gold bar and coin demand advance sharply during Q2: WGC

Scrap Register/8-2-2018

“China, the world’s largest gold bar and coin market, saw demand rise 11% to 69.5 tons as gold benefited from a flight to safety amidst increasingly tense trade-war rhetoric, according to the World Gold Council. The yuan weakened drastically against the US dollar, falling 5% over the quarter. And the stock market slumped: the Shanghai Stock Composite index dropped 14% in the first six months of the year.”

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