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China's first-half gold output falls while purchases rise

Chris Powell

GATA

Published : July 29th, 2017

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	BEIJING -- China's gold output fell by 9.85 percent from a year ago to 206.542 tonnes in the first half of 2017, state media said Friday, citing data from the China Gold Association. The country's consumption, however, was up by 9.89 per cent to 545.23 tonnes over the same period, said the People's Daily, leading to higher imports by the world's top gold consumer as indicated by data out of Hong Kong on Thursday. China's gold mineral output stood at 178.46 tonnes in the first half, while gold extracted from non-ferrous metals came in at 28.082 tonnes, People's Daily reported. Another 34.947 tonnes was produced from imported raw materials, up 27.05 percent from the previous year. ... ... For the remainder of the report: http://economictimes.indiatimes.com/markets/c.../chinas-firs...

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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