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Wednesday, 9th February 2005 (5696 views)

Gold could be one of the main beneficiaries of a dip in platinum jewellery demand in China, according to a number of precious metals analysts.<br/><br/>The platinum industry has enjoyed several profitable years, with China becoming the biggest consumer of platinum jewellery in the world, sitting atop a $1.8 billion global market.<br/><br/>However, writing in the Financial Times, UBS analyst John Reade says that this "phenomenal growth" is likely to begin slowing down in the Far East.<br/><br/>HSBC analyst Alan Williamson offers a similar picture of the market, suggesting that consumers may turn to white gold, a cheaper alternative that blends palladium with gold.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=7763562"/>

 

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