China’s gold appetite surged in 2016 as the yuan softened against global currencies. Replica gold bars are displayed at a mall in Beijing. Photo: AP

China retains crown as world’s top gold consumer, amid softening yuan and financial market volatility

Chinese investors looked to the precious metal as a safe haven in 2016 as the yuan weakened and stocks disappointed

Topic |   Commodities

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China’s gold appetite surged in 2016 as the yuan softened against global currencies. Replica gold bars are displayed at a mall in Beijing. Photo: AP
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