Gold appetite undimmed

Chinese demand for physical gold and gold-related investments is growing at an "explosive" pace and the appetite for the yellow metal will remain robust amid inflation concerns, said an Industrial and Commercial Bank of China executive. The bank sold about 7 tons of physical gold in January this year, nearly half the entire 15 tons of bullion sold in the whole of 2010, said Zhou Ming, deputy head of the bank's precious metals department on Wednesday.
Source:China Daily