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IPMI and Industry News: Industry News

Chinese Gold Demand

Friday, September 8, 2017  
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LAWRIE WILLIAMS: Chinese gold demand heading for 2,000 tonnes this year

Chinese gold demand this year, as represented by withdrawals from the Shanghai Gold Exchange (SGE), are currently 4.5% up on a year ago and if this margin is maintained through the remainder of the year, the full year figure could total around 2,050-2,060 tonnes as against 1,970 tonnes in 2016.  However this would still be well down on the record 2015 year when SGE withdrawals totalled 2,596 tonnes for the full year. - Sharps Pixley 09/08/2017

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