China Gold Association with the data published on Friday.
- China Q1 gold consumption up 93.9% y/y
- Output fell 9.92% y/y
- First quarter demand reverted to pre-pandemic level
Q1 2021 was a huge bounce back from the pandemic impacted Q1 of 2020, do bear that in mind when reading the above.
The data is via a Reuters report and there is a little more here at the link.
Gold is having a good session in Asia to open the week:
