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China largest consumer of gold for investment purposes: World Gold Council

The World Gold Council (WGC) said that 2010 was an outstanding year for gold with strong demand across all sectors. Gold demand for the year reached a ten year high with annual demand of 3,812.2 tonnes worth approximately US$150 bn. On 9 November 2010, this demand led to a new record gold price of US$1,421.0/oz on the London PM fix….

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