China Gold Imports Edging Upwards in May 2013

The gold imports in May 2013 were a bit disappointing again, gross imports didn't budge much.

But the net imports surged to 106 tonnes in May 2013, meaning that China kept all the imports from Hong Kong. The ratio of net imports to gross imports is 83%.

But it's still a positive development for the gold market, net imports continue to trend higher.