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The Zacks Manufacturing Construction and Mining industry which has been reeling under the China trade war and waning demand has been dealt a further blow in the form of COVID19 pandemic.
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China s gold consumption rose by per cent between 2017 and 2018 a growth rate which is driven by an increasing demand for jewelry and gold bars and by industries for other purposes. The increasing investment in gold by the rich in China is a result of fluctuations in the real estate security and capital markets.
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