Reported about 2 months ago
China's central bank has issued new gold import quotas for several banks after a two-month pause, anticipating a rebound in demand despite high prices. Gold prices have surged 21% this year, reaching a peak of $2,500.99 per ounce. While jewelery demand remains weak, investment demand is reported to be healthy. Analysts suggest that if Chinese demand picks up, it could further drive prices higher, although current low premiums indicate sluggish market activity.
Source: YAHOO