Precious Metals

Bloomberg reported that gold imports into mainland China from Hong Kong surged by 94 percent in 2012, marking a new record.

Bloomberg reported that gold imports into mainland China from Hong Kong surged by 94 percent in 2012, marking a new record.

As quoted in the market report:

Mainland China imported 834,502 kilograms (834.5 metric tons), including scrap and coins, compared with about 431,215 kilograms in 2011, according to Bloomberg calculations based on data from the Census and Statistics Department of the Hong Kong government. Imports in December rose to a monthly record of 114,405 kilograms, according to data from the department today.

To view the whole Bloomberg report, click here.

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