Chinese demand for gold will cool this year, removing a powerful prop for prices, before picking up again in 2015 as a rising middle class increases its exposure to the metal, a new study says.
China overtook India as the world’s largest gold consumer last year thanks to soaring purchases of jewellery, minted Panda coins and small gold bars.
Demand surged 32 per cent to a record 1,066 tonnes, according to the World Gold Council.
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