China’s Gold Imports Fall for Second Month Before Rate Increase
This article is for subscribers only.
China’s net imports of gold from Hong Kong dropped for a second month in November as investors were deterred by bearish prospects for prices amid rising U.S. interest rates.
Net purchases declined to 66.8 metric tons from 68.2 tons in October and 87.2 tons a year earlier, according to data from the Hong Kong Census & Statistics Department compiled by Bloomberg. The mainland bought 103.1 tons, including scrap, compared with 87.8 tons a month earlier. Exports to Hong Kong were 36.3 tons from 19.7 tons. Mainland China doesn’t publish the data.