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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Chinese gold bullion demand “very strong”, Indian interest “significant”

Posted on 09 January 2013

Gold Bullion ended Tuesday morning in London at $1655 per ounce, regaining ground lost yesterday to climb back to where it started the week, with dealers reporting signs of strong demand from India and China, the world’s two biggest gold buying nations.
China celebrates Lunar New Year on 10 February this year. Official customs data from Hong Kong meantime shows China imported 90.7 tonnes of gold from Hong Kong in November, a 91% increase from the previous month. The volume of gold flowing the other way rose 23% to 27.7 tonnes. Hong Kong is widely regarded as the major conduit for Chinese precious metals imports………………………………………..Full Article: Source


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