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Global demand for gold falls to lowest level in two years

Global demand for gold has fallen to its lowest level in two years owing to less buying in the main markets of India and China, despite rising demand from central banks, the World Gold Council said Thursday. Worldwide demand fell 7.0 percent year-on-year in the second quarter of 2012, down…

China launches gold vending machine

BEIJING — China, already the world’s second largest bullion consumer, has installed the country’s first gold vending machine in a busy shopping district in Beijing, state media said on Sunday. Shoppers in the popular Wangfujing Street can insert cash or use a bank card to withdraw gold bars or coins…