China's Gold Demand Booming
The Chinese are starting to acquire a heart of gold, according to figures which show a 13.9% increase in gold and jewelry sales. This is good news for investors, as a disproportionate increase in Chinese demand, along with the start of the Indian wedding season, could mean the price of gold going up like a Shanghai skyscraper. China's gold demand was already fourth highest in the world in 2004, and it isn't showing signs of cooling off.
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