China’s Gold Imports From H.K. Climb on Lunar New Year Demand
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China’s net gold imports from Hong Kong rose in January from the previous month as jewelry demand on the mainland increased before the Lunar New Year and exports to the city tumbled.
Net imports totaled 71.6 metric tons last month, compared with 58.8 tons in December, according to data compiled by Bloomberg from the Hong Kong Census and Statistics Department released Thursday. Mainland buyers purchased 82.5 tons, including scrap, compared with 128.4 tons a month earlier. Exports to Hong Kong from China fell 84 percent to 10.9 tons.