26 Jun 2015
China gold demand could rise if stocks rally ends – WGC
FXStreet (Mumbai) - As per the World Gold Council (WGC), China’s gold demand may increase if the country’s stock market reverses its rally.
“We will be more confident to say China’s demand in 2015 will beat 2014 if we see an end of the stock market rally and a start of a gold price surge,” said Roland Wang, China director of the London-based group.
Rising demand in China may help support prices that have suffered losses for three quarters. Global investors have lost their appetite for Gold as the US Fed is widely expected to raise rates in 2015.
“We will be more confident to say China’s demand in 2015 will beat 2014 if we see an end of the stock market rally and a start of a gold price surge,” said Roland Wang, China director of the London-based group.
Rising demand in China may help support prices that have suffered losses for three quarters. Global investors have lost their appetite for Gold as the US Fed is widely expected to raise rates in 2015.