maandag 28 april 2014

China Gold Imports From Hong Kong Drop in March 2014

It was to be expected that gold imports from Hong Kong to China would drop as we could clearly see that the SGE withdrawals were declining and oversea premiums were at zero. Chinese are indeed buying less gold.

I expect this declining trend to continue for the next month. Even though the trend is lower, it is still well above the 2012 level. This is especially true because China now allows gold to be imported via Beijing.

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