The Phaserl


Fresh Wave of Gold Buying Ahead of Chinese New Year

by Shivom Seth,

Gold prices fell in 2013, breaking a 13 year winning streak and consumers in China have been taking advantage of the lower prices, with demand galloping to new heights before the start of the Lunar New Year on January 31.

As 2014 is considered the year of the horse in China, horse related golden products have posted massive sales across the nation.

Even as demand from India has been dented given the government’s many import curbs, Chinese consumers have been eager to get their hands on the precious commodity, given the massive price slump.

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