NASDAQ/Reuters-Min Zhang and Shivani Singh/4-30-2021
“China’s gold consumption soared 93.9% in the first three months from the same quarter a year earlier, recovering to pre-pandemic levels fuelled by strong demand for gold jewelleries and rising investment, the China Gold Association said on Friday.”
USAGOLD note: Barbarous relic shines in China post-lockdowns helped along by rangebound pricing. The East buys gold on weakness, the West on strength.
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