2010/12/05

China imported 6 times what you need from gold Desimbr 2010








 A report from China where he said an official at the Shanghai Gold Exchange on Thursday as investors rapid growth in the payment of gold and China's imports of the precious metal to rise to six-fold in the first ten months of the year, highlighting its appeal as a hedge. In a rare disclosure of data on trade in China's gold - which are not published by the customs authorities - Cyanjrung said Chen, chairman of the exchange, said his country imported 209.72 tonnes of gold in ten months. Comes the significant increase in imports against the backdrop of the rise of gold prices, which exceeded $ 1400 an ounce (an ounce) in November and increased by more than a quarter so far. He said Chen told reporters, "the uncertainty in the local and global economies as well as rising expectations of inflation made gold hedging tool very attractive." On an annual basis and will reach China's gold imports to about 250 tons, compared with an average of about 180 tonnes P

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