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Albert Sung is the author of the Katchum Macro-Economic Blog, monitoring breaking economic news from a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at... More
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Katchum's Macro-economic blog
  • China Gross Gold Imports Rise In August 2013 0 comments
    Oct 8, 2013 11:41 AM | about stocks: 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.

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    Stocks: GLD
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