Chinese demand for gold fell at the fastest rate in nearly a decade in the third quarter as the country’s investors stepped back from the precious metal amid slowing growth and waning inflation.
Chinese consumers bought 176.8 tonnes of gold investment products and jewellery between July and September, according to data published by the World Gold Council, an industry lobby group.
That was down 8 per cent from a year ago and the sharpest year-on-year fall since 2003, when the Chinese bullion market had just been deregulated.
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