LONDON, 16 February 2015 – Analysis from BullionVault features today in a report on Chinese New Year gold demand from major US financial news source CNBC.
Celebrated on Thursday this week, the Lunar New Year marks the peak period for gold jewellery and investment buying amongst households in China, now the world's second-heaviest gold consumer nation.
But while China's gold demand has risen sharply in the last decade, "it's important to remember that China's huge demand for gold responds to moves in world prices and doesn't set them," BullionVault head of research Adrian Ash tells CNBC, quoted alongside gold-mining executives, bullion-bank analysts and market strategists.
See CNBC's full report here:
Source:
CNBC
