CH: China may be world's biggest gold consumer this year: GFMS
SHANGHAI -- China will likely become the world's largest gold consumer this year if prices remain high, Philip Klapwijk, executive chairman of GFMS Ltd., said in an interview in Shanghai Friday.
“We think China will be the No. 1 gold consumer this year, although the fourth quarter will still be the decisive quarter,” Klapwijk said. “If prices remain high then China is more likely to be the biggest user because the India market is more price-sensitive,” he said.
