“Buying gold makes me feel better.” “I want gold jewelry instead of diamonds for my wedding.” China is the world's top buyer of physical gold and analysts say this year it has been an ...
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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 ...