How China Will Blow Past India And Control The Gold Market In 2010

Take the following analysis with a grain of salt, but it appears China will be a massive force in the gold market this year, potentially blowing past India.

Thing is whether this is bullish or bearish remains open to debate. If China pulls ahead of India due to massive domestic gold consumption growth, it's a good thing, but if it's all due to Indians cutting back purchases in response to high gold prices, then it's more of a bad signal.

Commodity Online: But, the ray of hope for the bullion market is that China has fast emerged as the leader in gold buying. In fact, in 2009 China has pipped India to the post in gold purchases.

Chinese New Year gold rush has already begun, and robust demand looks likely to continue through 2010. So, in the coming years, analysts will be watching China, instead of India, to make their decisions on investments in gold. (more)