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China's 2014 spot gold trade volume soars near 60% on year to 18,486 mt

https://www.chemnet.com   Feb 27,2015 Platts
China's spot gold trading volume in 2014 hit 18,486 mt, up almost 60% from 11,600 mt traded in 2013, the Bureau of Trade said in a report on its website Thursday, February 26.

The rise was attributed to growing gold output in China, as well as more active investment in gold products last year.

Figures from Shanghai Gold Exchange showed that total spot trade volume for Au99.95 and Au99.99 grades reached 3,316 mt in 2014.

There was no data for 2013 traded volume.


The China Gold Association had said in early February that despite depressed international gold prices, China's gold sector had accelerated due to streamlining of the gold industry structure, technical upgrades made last year in mine explorations, and growing reserves.

This enabled China to stay as the world's largest gold producer for eight consecutive years, the association said.
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