Chinese Gold Demand 947 MT YTD
By GCRU Gold News on Monday, July 7 2014, 01:00 - Permalink
Chinese gold demand, as measured by SGE withdrawals, accounted for 27 metric tonnes in week 26 (June 23 – 27), year to date the counter stands at 947 tonnes. A quick calculation tells us 639 tonnes (SGE withdrawals – scrap – mining) had to be imported for this, annualized 1278 tonnes.