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

Gold pours into China to meet record demand

Posted on 21 November 2013

Gold shipped from Hong Kong to the mainland, used as a proxy for Chinese demand as bullion imports are a state secret, nearly tripled to 855 tonnes in the year to September. Gold shipped from Hong Kong to the mainland, used as a proxy for Chinese demand as bullion imports are a state secret, nearly tripled to 855 tonnes in the year to September.
China, set to pass India this year, as the world’s top gold consumer, has imported a fifth more bullion than data from its traditional conduit Hong Kong show, as it brings in the metal via other routes…………………………………Full Article: Source


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