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Gold gets back to bullish ways with lift from China

Posted on 19 December 2013

Gold may be slumbering, but when it awakens, watch out. I remain confident on gold’s future prospects thanks largely to China, the world’s No. 1 gold buyer. In October China bought a near-record 130 tons. In the first ten months of 2013 China bought more than 950 tons, making a 1,150 ton tally likely this year, far above past gold-buying records for any country, including gold-crazy India.
Remember, that covers only readily trackable gold passing through Hong Kong. China almost certainly imports still more through other conduits………………………………………..Full Article: Source


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VRS - who has written 39856 posts on Opalesque Commodities Briefing.


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