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Gold demand in Asia continues to rise


Victoria Hewitt-Marsh, News Editor
5 Nov 2013, 9:30 a.m.

HSBC are yet again forecasting strong demand for gold across Asia as customers race to protect their wealth from continued high levels of inflation. HSBC have predicted that inflation in India will reach 7.7% in 2014 before touching 7.9% in 2015. Vietnam, Indonesia and China have increased their total gold imports to 60% of the world supply up from 35% in 2004.

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