From the UK Telegraph:Fears have been mounting that China's actions to cool the economy will reduce demand for basic materials such as copper, iron ore and zinc.
However, one commodity that has been benefiting from Chinese inflation is gold.
In the first quarter of the year, China overtook India as the world's largest buyer of bullion and coins, according to the latest study of gold supply and demand trends for the World Gold Council (WGC).
The country remained in second place in total gold consumption because of the strong demand for jewellery in India for traditional reasons but, on the investment front, the Chinese are now at the head of the pack.
Total gold demand in the first quarter of the year rose by 11pc to 981.3 tonnes, equivalent to $43.7bn (£27bn) in monetary terms – a year-on-year rise of 40pc. This was largely attributable to a widespread rise in investment demand for bars and coins – but jewellery demand was strong in a number of markets too......read on
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