China retail gold survey 2016: China steps towards gold dominance

August 05, 2016

As the Shanghai Gold Exchange introduces a new benchmark, the country now leads in gold production, consumption and imports.

Gold bars-R-600 — Gold bars are stacked at a safe deposit room of the ProAurum gold house in Munich March 6, 2014. Gold was flat on Thursday as diplomatic efforts to cool the Ukraine crisis depressed demand for assets seen as safe, but the metal found support above $1,330 an ounce from weak U.S. economic data and ahead of a key employment report. REUTERS/Michael Dalder(GERMANY - Tags: BUSINESS COMMODITIES SOCIETY) - RTR3G4CO

China’s dominance of global gold markets took another key step in April. China is already the largest producer, importer and consumer of gold in the world – an unprecedented treble.

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China retail gold survey 2016: China steps towards gold dominance

As the Shanghai Gold Exchange introduces a new benchmark, the country now leads in gold production, consumption and imports.

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