China April Gold Imports Drop on Lower Investment Demand
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China’s gold imports from Hong Kong fell in April amid signs that investment demand waned in the the world’s largest gold consumer.
Net imports totaled 65.4 metric tons last month, compared with 80.6 tons in March and 75.9 tons a year ago, according to calculations by Bloomberg News based on data from the Hong Kong Census and Statistics Department yesterday. Exports to Hong Kong from China fell to 15.4 tons in April from 25.3 tons in March, the department said in a separate statement. Mainland China doesn’t publish such data.