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Chinese gold demand surges

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China's annual demand for gold could jump around 20% by 2017 as more of its increasingly wealthy population seek new ways to make money, the World Gold Council predicted on Tuesday. 

Models display gold underwear and jewellery in a gold shop in Wuhan, central China's Hubei province, January 2014

The forecast by the WGC comes after China became the world's largest gold-consuming nation in 2013, overtaking India.

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