China's Gold Rush Triggers Skyrocketing Gold Prices Reports Kevin DeMeritt of Gold Central

India is seeing fierce competition from China in the gold jewelry market. In the past, India has been the top place where gold was demanded in jewelry and coins, whoever, the improving living conditions for China has given India some competition for who is demanding the most in gold jewelry. The increase for gold jewelry and coins for China has not stopped rising. The first quarter has shown results for China, the fastest growing major economy, with a spectacular 13% increase in jewelry demand in the first quarter. In 2006, Chinese retail stores saw a rise of 20% in gold jewelry and is expected to see more growth as living and work standards approve for China. In October, Shanghai Gold Exchange opened since then there has been an increase of 15% in gold prices. The results of the fast increase of gold coins and gold jewelry is expected to continue to rise at these high rates. Chinas economy is becoming better by the day and since there are more opportunities for those in China, they are able to make investments in gold coins and gold jewelry. One of the most popular investment in gold coins in China is the American Eagle coin.


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