The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Wednesday, 9th February 2005 (5807 views)

Gold could be one of the main beneficiaries of a dip in platinum jewellery demand in China, according to a number of precious metals analysts.<br/><br/>The platinum industry has enjoyed several profitable years, with China becoming the biggest consumer of platinum jewellery in the world, sitting atop a $1.8 billion global market.<br/><br/>However, writing in the Financial Times, UBS analyst John Reade says that this "phenomenal growth" is likely to begin slowing down in the Far East.<br/><br/>HSBC analyst Alan Williamson offers a similar picture of the market, suggesting that consumers may turn to white gold, a cheaper alternative that blends palladium with gold.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=7763562"/>

 

« Back to Gold News stories