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China Q1 gold imports up six-fold YoY

Posted on 09 May 2012

China looks as though it could be well on the way to overtaking India as the world’s largest gold consumer this year as the import data through Hong Kong - seen as a proxy for China’s total imports, which may be far higher - have continued to surge, growing six-fold from the same quarter a year ago.
According to figures published yesterday, Q1 imports through Hong Kong totalled 135.5 tonnes from 19.7 tonnes a year earlier - and month on month imports increased by 59% for March in comparison with February………………………………………..Full Article: Source


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VRS - who has written 37583 posts on Opalesque Commodities Briefing.


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