From The Wall St Journal:Data cited Thursday by China’s state-run Xinhua news agency showed that China imported 209.7 metric tons of gold in the first 10 months of the year, a fivefold increase compared with the same period last year.
That surpassed purchases made by ETFs and surprised analysts, who until now had no clear insight into the size of China’s buying.
“Everybody in the gold market knew there was a surge in investment demand, but they didn’t know it was China,” said Jeff Christian, managing director at CPM Group......read in full
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