Dammam: China's gold consumption accounts for 22% of global gold consumption

Latin America has the highest gold output.

The jewelry industry is the bulk of gold demand.

Gold consumption in Asia is as high as 79% of global gold consumption.

According to a report recently released by Morgan Stanley, in 2011, gold consumption was basically borne by Asia, and gold consumption in Asia and the Middle East accounted for 79% of global gold consumption. Among them, China accounted for 22%, and India accounted for 20%.

Specific to the industry, the demand for gold in the jewelry industry is still in an absolute leading position, accounting for 49% of all gold demand. Gold bar storage and official credits ranked second and third respectively, accounting for 27% and 10%, respectively.

Morgan Stanley expects that the next gold investment demand will rise. (Editor's note: Although the past half of the gold price has been weak and volatile, but the past two years, the United States the most well-known hedge ** Paulson on July 3 when interviewed by the media also reiterated: I believe the international price of gold will rise to 4,000 US dollars / ounce. )

In 2011, the gold production and proportion of the world's gold production was the largest in Latin America: 471 tons, accounting for 17%, and China's 382 tons, accounting for 14%.