Adhik Maas contributed to the dip in the country's gold imports.
Located at Western Australia, the Bellevue Gold Project has produced more than 800,000 ounces of gold throughout its more than 100 years of operations.
Dow Jones experienced more lows than highs for the past three weeks. Gold and other precious metals were also under pressure.
Despite some short selling, gold rallies appear unflinching. The stock market bounces back from extreme volatility from February to April.
The NASDAQ, Russell 2000 and S&P 600 all rose to new heights while DJI and other big indices did not amid fears of trade wars.
The Dow Jones bounces back and scores weekly highs, breaking its record five weeks ago, while gold is holding up pretty well despite overwhelming declines.
Trump poised on maintaining tariff over steel and aluminum imports during the G7 summit. Bitcoin trading holds steady at $7,200-$7,500.
Labor force rate jumps higher and surpasses 190,000. Bitcoin trading closed in on a new low. Gold stocks dropped further by three percent.
The strength of the U.S. dollar and a bullish trading pushes for a higher price index of gold, closing near the $1,300 per ounce mark.
Mortgage rates continue to increase and predict what may be a crisis in the real estate market. Despite a fall in trading, gold continues to sell.