China curbs gold imports as trade war heats up
By GCRU Gold News on Wednesday, August 14 2019, 22:08 - Permalink
China has severely restricted imports of gold since May, bullion industry sources with direct knowledge of the matter told Reuters, in a move that could be aimed at curbing outflows of dollars and bolstering its yuan currency as economic growth slows.
The world’s second largest economy has cut shipments by some 300-500 tonnes compared with last year - worth $15-25 billion at current prices,