By Sachin Patel
At a Glance
- China's appetite for gold continues as use in jewelry, electric cars and central bank reserves increase
- Retail investors in China purchased 10.7 million ounces of gold bars and coins in 2018
Gold has long enjoyed deep cultural significance in China, which holds the title for being both the world's largest gold consumer and its largest producer. Demand for the yellow metal in China looks like it will continue to rise, driven by a combination of increasing levels of wealth, global economic uncertainty and changing central bank policy.