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China Surpasses India as World's Biggest Gold Buyer

China has surpassed India as the world's biggest gold consumer.The World Gold Council said Tuesday that the Chinese bought 1,066 metric tons of the metal last year, easily topping the 975 tons purchased by Indian buyers, who faced new import restrictions. The London-based trade group said consumers bought more gold jewelry, bars and coins last year, with demand up most in China, Turkey and Thailand, but less so in the United States and India. The council said global purchases have...

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