Group: China to overtake India as top gold market

Latest Finance Stories

Customers calculate the price of gold necklaces at a booth from Japan at the International Jewelry Fair in Hong Kong Thursday, Feb. 16, 2012. China is poised to overtake India to become the world's biggest gold market this year as rising incomes fuel demand for the precious metal, an industry group said Thursday. (AP Photo/Kin Cheung)

More from this Slideshow

0 of 0

Group: China to ... Customers calculate the price of gold necklaces at a booth from Japan at the International Jewelry Fair in Hong Kong Thursday, Feb. 16, 2012. China is poised to overtake India to become the world's biggest gold market this year as rising incomes fuel demand for the precious metal, an industry group said Thursday. (AP Photo/Kin Cheung)
Contagion fears ... Luxembourg's Finance Minister Jean Claude Juncker, left, talks to Greek Finance Minister Evangelos Venizelos, prior to the start of the Eurogroup ministerial meeting at the European Council building in Brussels, Thursday, Feb. 9, 2012. Germany's finance minister says a deal between Greek party leaders on new spending cuts appears to not yet fulfill all the conditions for a euro 130 billion ($173 billion) bailout. (AP Photo/Yves Logghe)
World stock mark... Currency traders work under a screen indicating the exchange rate, above, of the U.S. dollar against Japanese yen and the Nikkei 225 index, at a foreign exchange firm in Tokyo, Wednesday, Feb. 15, 2012. The dollar was at a three-month high against the Japanese yen after the Bank of Japan said it would increase its economic stimulus program as Asian stock markets surged Wednesday after Greece indicated a willingness to commit to spending cuts to secure its bailout. (AP Photo/Shizuo Kambayashi)
Guitar plays sec... This Feb. 15, 2012 photo shows a sign bearing music notes in Nashville, Tenn. The guitar, an iconic symbol of Nashville's music scene, is beginning to play second fiddle as the city's visual ambassador. Music notes and symbols are emerging in Nashville's logo as city promoters seek to illustrate the variety of music, in addition to country music, that is made in the city. (AP Photo/Mark Humphrey)
Top bargainers a... The U.S. Capitol is seen, Wednesday, Feb. 15, 2012, in Washington. Calling quits to a bruising election-year fight, negotiators on Capitol Hill worked into Wednesday night, ironing out final details of an agreement to extend a cut in the payroll taxes paid by most Americans. The legislation also would renew jobless benefits for millions more. (AP Photo/Haraz N. Ghanbari)
Reports: More Ch... FILE - In this Jan. 26, 2011 file photo, a man stands near an advertisement for an Apple iPad in Shanghai, China. News reports say more Chinese cities have seized iPads from retailers due to a dispute between Apple Inc. and a local company over ownership of the tablet computer's name. (AP Photo/Eugene Hoshiko, File)
Obama's budget c... FILE - In this Sept. 28, 2011, file photo, cantaloupes rot in the afternoon heat on a field on the Jensen Farms near Holly, Colo. Pools of water on the floor and old, hard-to-clean equipment at the farm's cantaloupe-packing facility were probably to blame for the deadliest outbreak of foodborne illness in 25 years, the Food and Drug Administration said. President Barack Obama's proposed budget would eliminate the nation's only program that regularly tests fruits and vegetables for deadly pathogens, leaving public health officials without a crucial tool used to investigate deadly foodborne illness outbreaks. (AP Photo/Ed Andrieski, File)
Olympus ex-chair... FILE - In this Oct. 14, 2011 photo, former Olympus Corp. Chairman Tsuyoshi Kikukawa speaks at a press conference in Tokyo to announce the Japanese camera and precision instruments maker dismissed Michael Woodford as president over management discord and appointed himself to double as president effective on the day. Japanese media reports said Thursday, Feb. 16, 2012, prosecutors arrested Kikukawa in a massive cover-up of losses. (AP Photo/Kyodo News) JAPAN OUT, MANDATORY CREDIT, NO LICENSING IN CHINA, FRANCE, HONG KONG, JAPAN AND SOUTH KOREA
Stock index futu... Traders work on the floor of the New York Stock Exchange
Greeks seek elus... A pedestrian walks by a Eurobank advertisement featuring a one euro coin in Athens
SocGen profits h... General view of a the logo outside a branch of French bank Societe Generale in Paris
World Bank's Zoe... World Bank President Zoellick attends a session at the World Economic Forum in Davos