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China Gross Gold Imports Rise In August 2013

|Includes:SPDR Gold Trust ETF (GLD)

China is on pace to grow its gold reserves once again. There is no stopping of the gold imports to China.

Net imports, after deducting flows from China into Hong Kong, were 110.2 metric tons, from 113.2 tons a month earlier, according to calculations by Bloomberg. Mainland buyers purchased 131.4 tons in the month, including scrap, compared with 129.2 tons in July, data today from the Hong Kong government showed.

Stocks: GLD