Chinese gold consumption down 8% in Q3 (2)

Data show that China's economy grew 7.4 percent in the July-September

quarter, marking the slowest pace of growth since the first quarter of 2009 as the global financial crisis raged.

The council said there have been signs of a rebound in gold investment demand, as gold prices gained traction during the last few weeks of the third quarter.

China's demand will likely pick up in the fourth quarter as the traditional gift-giving season approaches, according to Zheng Lianghao, the council's far east regional manager.

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