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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Laura He

Laura He

Before joining the Post, Laura worked for MarketWatch and The Wall Street Journal Digital Network in San Francisco and Hong Kong. She has also worked for Forbes in San Francisco and had stints at Xinhua News Agency as economics editor, anchor and financial correspondent in both Beijing and Hong Kong. She has an MA degree in digital journalism from Stanford University and passed CFA exams.