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Miner demands from China's major gold rush

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Miner demands from China's major gold rush

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The personal wealth being amassed among China’s business elite is pushing the demand for gold in the country. It is expected to double over the next decade.

Consumption of jewellery and a desire to invest is driving the appetite in China, which is already the world’s second largest consumer of gold after India.

Demand has already been growing at 13 per cent per year over the past five years.