Chinese demand for gold could double by 2020

Continuing Chinese growth, rising interest in gold as an investment among domestic consumers and institutions, inflation concerns, increasing income levels and ongoing market uncertainty are all boosting demand for the metal. In a report* published yesterday, the World Gold Council (WGC) said Chinese gold consumption will continue to rise and has the potential to double from 2009 levels in the next decade. That would certainly suit the organisation, which was set up by a group of mini…