goldnews.bullionvault.com / January 25, 2013
Over in Asia, meantime, China is “now clearly the largest global consumer of gold” – overtaking India at last – says the latest Commodities Weekly from Natixis.
Analysts at the French investment bank and bullion dealer point to the latest available import and mining-output data available from the world’s top two gold buying nations.
“India’s low figure is the combination of a weak rupee, slower economic growth and higher import tariffs.”
“Eighty-three per cent of executives believe we will see a rise in the price of gold, with zero expecting to see a decline,” says PwC.
“Executives of some of the largest gold companies expect to see the price of gold climb beyond $2000 in 2013.”