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Wednesday, 26th May 2004 (4858 views)

Gold imports in Japan are booming according to latest figures released today.<BR/><BR/>Figures from the Finance Ministry revealed that imports increased by 133.5 per cent in April to 6,800kg compared to the year before.<BR/><BR/>According to analysts the rise is due to strong gold demand for investment, with industrial use a major factor in the increase.<BR/><BR/>A senior official at a Japanese bullion house told Reuters: "There may have been an increased appetite for bargains in April after prices fell slightly from March.<BR/><BR/>"In general, demand for gold among retail investors remains strong. Continuing bullish signs in the domestic economy may also be helping to increase the use of gold."<BR/><BR/>In March gold imports dropped by 69.6 per cent but had grown by over 200 per cent each month from December to February.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=2696428"/>

 

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