Monday, 7 September 2015

PBoC to rise gold reserves, rise in gold imports likely

Mounting real income and associated jewellery consumption is the main driving force of Chinese demand. Greater investment demand, as China continues to develop its gold investment markets, is a further source of support. Finally, we expect China's People's Bank of China (PBOC) to continue to accumulate gold in its reserve, given the metal's low share in its vast FX reserves....Read More

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