Q1 - Q3 2016 China Net Gold Import Hits 905 Tonnes
By GCRU Gold News on Saturday, November 26 2016, 22:36 - Permalink
Withdrawals from the vaults of the Shanghai Gold Exchange, which can be used as a proxy for Chinese wholesale gold demand, reached 1,406 tonnes in the first three quarters of 2016. Supply that went through the central bourse consisted of at least 905 tonnes imported gold, roughly 335 tonnes of domestic mine output, and 166 tonnes in scrap supply and other flows recycled through the exchange.