China Gold Imports From Hong Kong Drop First Time in Four Months

Gold imports by China from Hong Kong fell for the first time in four months in January after a surge in purchases in the previous months to meet Lunar New Year demand and as investors curbed buying on falling prices.

Mainland China bought 51,303 kilograms (51.303 metric tons) of gold, including scrap and coins, down from a record 114,405 kilograms in December, according to export data released by Hong Kong’s Census and Statistics Department yesterday. Mainland China doesn’t publish such data.