Research from the China Gold Association shows that in April, Chinese bullion buyers made a good start buying 137 tonnes of gold, almost 100 per cent higher than the previous month.
The Association spokesman said that demand this year could reach 900 to 1,000 tonnes, although today's gold rout may see gold buyers in China tempted to pick up the pace of their purchases.
China is poised to pass India as the largest bullion consumer as early as this year after New Delhi raised import taxes and Beijing made investing easier, the Association said .... http://www.proactiveinvestors.com
