China gold imports jump
Chinese gold imports from Hong Kong hit a record monthly level of over 103 metric tons in April according to the Hong Kong Census and Statistics Department.
The 65% month-on-month surge in gold imports comes at a fortuitous time for the physical gold market given the recent weakness of Indian demand as a weak Rupee has continued to hold back demand.
ETFS Physical Swiss Gold Shares (NYSEArca: SGOL) is up 2% year to date.
ETFS Physical Swiss Gold Shares
