Equities

Reuters reveals China curbs gold imports as trade war heats up

Reuters reveals China curbs gold imports as trade war heats up

Reuters reported exclusively that China has severely restricted imports of gold since May, in a move that could be aimed at curbing outflows of dollars and bolstering its yuan currency as economic growth slows. The world’s second largest economy has cut shipments by some 300-500 tonnes compared with last year – worth $15-25 billion at current prices.