Records Show China Used 30% More Gold in 2021
Last week, the China Gold Association released data indicating that the total consumption of gold in the country in 2021 increased by more than one-third from 2020 as the country’s economy rebounded from the COVID-19 impact. In this latest report, consumption of gold in the country increased by 36.5% year on year, hitting roughly 1,121 tons. It had also risen by 11.8% when compared with the total gold consumption figures from 2019. A previously released industry report showed that the country’s gold consumption had risen by almost 49% from the year before to reach 813 tons during the first three…