Piggybacking new year, gold to glitter

Gold as an investment asset will likely glitter brightly in China this year, but its consumption in the form of jewelry may drop, said experts.

According to a report released by the World Gold Council, China remained the world's largest investment market for gold bars and coins last year.

Wang Lixin, managing director of the WGC, attributed gold's continuing allure as an investment-worthy asset to uncertainty-riddled business environment, the weakening of renminbi and the complicated stock market.