Medium-Term Demand for Gold in China Expected to Remain Robust - WGC

SPDR Gold Trust (NYSE: GLD) and iShares Gold Trust (NYSE: IAU) are on watch today following news that gold might be in higher-demand over the next few years.

According to the World Gold Council, China's demand for gold should rise 20 percent from 1,132 tones in 2013 up to 1,350 tons in 2017. China overtook India as the world's largest gold-consuming nation.

Key points to growth in China include a supportive government and increasingly affluent consumer, the WGC said. Risks include continued economic growth support and moves to liberalize the country's financial system, but medium-term demand should remain robust.

Below is the pdf from the WGC, which can be downloaded separately via this link.

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