China Becoming Most Important Factor In Global Gold Markets

``A lot of casual observers fail to realize that China is now the biggest gold mining and producing country on the planet... Another key market that China may soon come to dominate is the gold ETF market. Over the last decade, the ETF space has been dominated by American firms who have launched and sponsored ETF products to reach a mass investor base. Most of the consumers of gold ETFs have been American and European funds. In a recent move, China has also made its way into the space by launching the first two gold ETFs to be traded on the Shanghai Stock Exchange.''