China saw wholesale gold demand fall in March, but investors continue to buy at sky-high prices

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China saw wholesale gold demand fall in March, but investors continue to buy at sky-high prices – WGC

– Gold’s recent all-time high prices were even more dramatic in China’s local currency, and while this dampened jewelry demand last month, Chinese investors continue to see high prices as a positive, according to the latest report from Ray Jia, Head of Research for China at the World Gold Council . -Gold prices are modestly lower and have traded both sides of unchanged, while silver prices are higher in U.S. trading Wednesday.

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