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IPMI and Industry News: Industry News Archive

China's Demand for Australian Gold

Thursday, August 10, 2017  
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China's Gold Demand Takes Australia By Storm, Breaching $11 Billion Annually

Chinese gold demand is not letting up, as the country bought 230 metric tons of Australian gold last year, which exceeded $11 billion on the Shanghai Gold Exchange, according to recent data released by The Perth Mint. It is the quality of Australian gold and its reliable supply that is so attractive for the Chinese market, said Chief Operating Officer of The Perth Mint, David Woodford. - Kitco 08/10/2017

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