HONG KONG: WEEK IN REVIEW, 11May2013

HONG KONG: BEFORE THE OPEN, 07May2013

‘Wave of panic buying, basically digested the full year’s gold production’

HK industry estimates that HK$30bn worth of gold was sold during the holiday, which represents approximately 8.58 tons of gold.

The Guangdong Chamber of Commerce was quoted by Wen Wei Po as saying, “The wave of panic buying, basically digested the full year’s gold production”