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