China’s private investor gold surge seen as strong signal

The 30% rise in China’s private investor gold demand in the first three months of this year is seen as “a very strong signal” by World Gold Council member and market relations head John Mulligan, who views this market as being one of good potential ongoing growth. The rise by China’s private investor gold bar and coin demand to 106 t and was the main contributor to a 9%-higher overall global retail investment market demand rise to 289.8 t, which is worth more than $11-billion.