China Gold Imports Signal Emergence as World’s Largest Gold Consumer

Bloomberg reported that China is importing more gold from Hong Kong, adding to speculation that the country may become the world’s largest annual gold consumer.

As quoted in the market news:

Imports from Hong Kong were 135,529 kilograms (135.53 metric tons) between January and March, from 19,729 kilograms in the year-earlier period, according to data from the Census and Statistics Department of the Hong Kong government. Shipments in March rose 59 percent from February, yesterday’s data showed.

Click here to read the full Bloomberg report.