China's gold output edges up in Q1

GMT 11:38 2016 Thursday ,05 May

Arab Today, arab today China's gold output edges up in Q1

China's gold output
Beijing - XINHUA

China's gold output in the first quarter(Q1) of 2016 edged up due to higher prices in the global gold market, according to latest industry figures.

The country produced 111.56 tonnes of gold in the first three months, up 0.78 percent year on year, the China Gold Association said Wednesday on its website.

International gold prices have rebounded slightly following the easing moves of major currencies and stabilizing commodity prices, the association said.

China consumed 318.28 tonnes of gold in the first quarter, down 3.91 percent compared with the same period last year. The association attributed the drop largely to a marked decrease in gold jewelry sales.

China's gold reserve reached 1,797.5 tonnes by the end of March 2016, the association said.

Arab Today, arab today
Arab Today, arab today
arabtoday arabtoday arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabs, Arab, Arab