China clears the way for a massive amount of gold imports

China has cleared the way for a massive surge of gold imports into the country. An exclusive report from Reuters exclusive report suggested about 150 tonnes of gold (worth $8.5 billion at current prices) is likely to be shipped into China following the green light from Beijing, four sources said.

The report quoting two people said the gold would be shipped in April and the other two said it would arrive over April and May. China brings in the bulk of its gold from South Africa, Switzerland, and Australia.

Recently the economic superpower has had trade disputes with Australia. It is not clear if this could mean less gold could come from the nation.