Metals Data Response

26 June, 2018

China and India Gold Imports (May)

The latest trade data for India and China show divergent trends in imports of gold by the two largest consumers. China’s gold imports rose strongly in May on the back of robust wholesale consumption, while India’s imports remain subdued. Looking forward, the recent fall in the price of gold could stimulate buying in the two countries. But we still think that Fed tightening will prevent any significant rise in prices this year.

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