Citigroup Cites China as Most Important Source of Demand for Gold, Reports the China Mineral Company
Certain drivers of the gold price are long-established: U.S. dollar weakness, rising investment demand, producer de-hedging, and reduced central bank selling. Citigroup Global Markets analyst Alan Heap focuses on a different one: China. The China Mineral Company reports that Heap has labeled China the “most important source” of future demand growth in gold. Not all …
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