Gold prices climbed over 1% on July 8th, amid strong demand from bargain hunters and some short-covering. Prices were also buoyed on reports that gold imports in China reached nearly 110 tons in May, the second highest on record. <br /><br />Reference: http://www.meritgold.com/merit-gold-news-network-detail/merit-gold-news-network-july-8-2013
