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China snatching up gold at lower prices

Posted on 09 December 2013

October was China’s second highest month for gold imports, according to Hong Kong customs data. With the price of gold cratering this fall, China imported 148 tons in October, the second highest recorded level. In March 2013 China imported 224 tons.
The numbers are not the full window into Chinese demand. Gold may be imported from other countries. China is also the world’s largest gold producer………………………………………..Full Article: Source


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VRS - who has written 39513 posts on Opalesque Commodities Briefing.


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