Metals

Metals Data Response

24 November, 2016

China and India’s gold imports (Oct.)

The latest import data out of China and India show a mixed picture for gold demand in the two largest consumers. China’s appetite for the metal appears to have faltered in recent months. In contrast, the measures introduced by the Indian government in November to tackle illegal activity seem to have prompted a surge in gold buying and we expect that they will continue to boost imports over the next few months.

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