The price of gold has increased by nearly 20 per cent in the first six months of 2020. Photo: ReutersThe price of gold has increased by nearly 20 per cent in the first six months of 2020. Photo: Reuters
The price of gold has increased by nearly 20 per cent in the first six months of 2020. Photo: Reuters

Coronavirus sent China’s use of gold plummeting in 2020, but demand for investment products rising

  • Gold consumption in China shrank 38 per cent in the first half of the year, the China Gold Association said on Tuesday
  • Demand for gold, traditionally bought as a bet against inflation and extreme conflicts, started to pick up in the second quarter
Topic |   China economy
The price of gold has increased by nearly 20 per cent in the first six months of 2020. Photo: ReutersThe price of gold has increased by nearly 20 per cent in the first six months of 2020. Photo: Reuters
The price of gold has increased by nearly 20 per cent in the first six months of 2020. Photo: Reuters
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