Gold to $450 By Mid-August?

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MARKET ANALYSIS AND COMMENTARY

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Macroeconomics does not tend to be the driver of the Chinese-inspired gold demand and price boom advocates. What the huge population could offer does. ?China has the lowest per capita consumption gold in the world and hence the argument that as gold market liberalisation continues in China then so will per capita consumption,? he recapped. However, that theory has big holes in it, according to Naqvi, as it doesn?t take into account ?changing domestic spending patterns?. Macroeconomics does not tend to be the driver of the Chinese-inspired gold demand and price boom advocates. What the huge population could offer does. ?China has the lowest per capita consumption gold in the world and hence the argument that as gold market liberalisation continues in China then so will per capita consumption,? he recapped. However, that theory has big holes in it, according to Naqvi, as it doesn?t take into account ?changing domestic spending patterns?.  

China gold consumption growth questioned

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