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China Gold Imports From Hong Kong Fall on Quotas, Slower Demand

Gold shipments to China from Hong Kong fell in August after some Chinese banks used up import quotas and as buyers became wary of rapid price gains.

Net imports, after deducting flows from China into Hong Kong, were 110.2 metric tons, from 113.2 tons a month earlier, according to calculations by Bloomberg. Mainland buyers purchased 131.4 tons in the month, including scrap, compared with 129.2 tons in July, data yesterday from the Hong Kong government showed.