Gold Demand in China Surges 20% to Record in Q1

http://www.bloomberg.com/news/2013-05-16/gold-demand-in-china-surges-20-to-record-in-first-quarter.html

Global demand fell 13 percent to 963 tons in the quarter from a year earlier, the group said. Prices that rallied as much as sevenfold in the past 12 years entered a bear market last month as inflation failed to accelerate and as equities climbed on optimism that the U.S. will lead a global economic recovery.