China may add more gold to its reserves as the precious metal accounts for a lower share of total holdings compared with the United States, according to the London Bullion Market Association.
"When comparing China to the US, it would seem that in China, gold asset allocation can only go in one direction," chairman David Gornall told the association's conference in Hong Kong. "The country has only 2 per cent of its reserves in the form of gold compared with the US at 75 per cent."
via Business feed http://www.scmp.com/business/commodities/article/1081179/china-expected-buy-more-gold
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