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Market Chatter: China's Gold Consumption Up 4.4% in Q1

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China's gold consumption grew 4.4% year over year to 303.3 tonnes in the first quarter, Xinhua News Agency reported Saturday, citing the China Gold Association.

Gold bar and coin consumption jumped 46% to 202.1 tonnes, while gold jewelry consumption fell 37% to 84.6 tonnes, the report said.

Gold exchange-traded funds added 50.4 tonnes in the first three months of the year, with total ETF holdings reaching 298.3 tonnes as of the end of March.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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