Gold price back above $3,300 after surge in chinese imports


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The price of gold has climbed back above the $3,300 an ounce mark as the U.S. dollar continues to weaken, shedding 0.2% versus the Japanese yen and down 0.4% against the euro. The move away


from U.S. assets is also benefitting bitcoin, which is trading above $107,500, only about $2,000 shy of a record high hit in January. The bullion's rise comes after China revealed on


Tuesday that total gold imports in April reached an 11-month high of 175 metric tons, a 73% jump from March.