China gold imports to dip in 2014

Chinese gold imports look set to fall from last year’s record levels, analysts warned yesterday, despite the precious metal’s declining price. “I think that perhaps a figure of 10 to 15 per cent down year-on-year is probably about right for Chinese imports of gold. There is a good level of stock there that can be released into the jewellery market,” said Tom Kendall, head of precious metals research at Credit Suisse. The price of gold fell by 28 per cent last year.