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World Gold Council: China demand to rise in 2016


07-06-2016 16:58 BJT

Gold prices climbed to their highest level in more than two years early on Wednesday. That came as weak data from China and ongoing uncertainty following Britain's vote to leave the European Union triggered a fresh wave of demand for the safe-haven precious metal.

Spot gold touched its highest since March 2014 at 1,364.80 dollars an ounce, and was trading up 0.5 percent at 1,362.61 dollars by 0052 GMT. It surpassed the 1,358.20 dollars an ounce mark hit on June 24th in the immediate aftermath of the Brexit referendum.

For more, our reporter Martina Fuchs sat down with the World Gold Council's managing director for China to ask about the demand outlook.

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