Imports Plunge: Does China Suddenly Have a “Backlog” of Gold? - InvestingChannel

Imports Plunge: Does China Suddenly Have a “Backlog” of Gold?

Imports Plunge: Does China Suddenly Have a "Backlog" of Gold?

Chinese gold imports dropped for the third month in a row in April, according to new data released by the Hong Kong Census and Statistics Department.  Net gold imports from Hong Kong amounted to 67,04 tonnes, the lowest volume in more than a year. A Shanghai Gold Trader stated:  “Banks have adequate stocks from imports […]

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