Tuesday, May 7, 2013

Gold-hungry China braces for surge in imports





Chinese gold imports are likely to swell further after rising strongly for a second straight month in March, as investors seek safety from economic uncertainty and after prices plunged to a two-year low last month.


“Physical demand picked up significantly over the last couple of weeks. Consumers and industrial users tend to see price drops as buying opportunities,” Zhang Bingnan, secretary-general of the China Gold Association, said.









via Business feed http://www.scmp.com/business/commodities/article/1232354/gold-hungry-china-braces-surge-imports

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