GOLD 0.51% $1,391.7 gold futures

Here's quotes from an article dated 01/05/2017 from *****....

  1. 366 Posts.
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    Here's quotes from an article dated 01/05/2017 from *****.
    "Chinese gold imports jumped 64.5% on an annual basis in Q1 2017 .....
    The national gold consumption was up 14.7% on an annual basis at 304 metric tons, CGA said.
    The breakdown of the figures shows that gold used for bullion production was up 60.2% at 101.19 metric tons and gold for jewelry manufacturing edged up 1.4% to 170.93 metric tons.
    Earlier in April, Reuters reported that China's net-gold imports via main conduit Hong Kong more than doubled in March on a monthly basis. Net-gold imports rose to 111.647 metric tons during the third month of the year from 47.931 metric tons recorded in February, the news agency quoted data from the Hong Kong Census and Statistics Department."
    Hmmm ... I don't think the Chinese are reading Skol's posts.
 
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