China On Track For A Record Year For Gold Bullion Withdrawals

Aug 22, 2015 at 7:04 PM EDT

In the latest week 65.3 metric tonnes of gold bullion were withdrawn from the Shanghai Gold Exchange. Comparing the yearly demand at week 32 for China with prior years shows that it appears to be a record year in the making with 1,585 tonnes so far

In the latest week 65.3 metric tonnes of gold bullion were withdrawn from the Shanghai Gold Exchange.

Comparing the yearly demand at week 32 for China with prior years shows that it appears to be a record year in the making with 1,585 tonnes so far.

So much for the 'weak demand' in China.