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China’s Gold Buying From Hong Kong Drops to Lowest in a Year

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China’s net gold imports from Hong Kong slumped to the lowest level in almost a year in a sign that demand in the world’s biggest consumer may be slowing.

Purchases less sales sank to 22.1 metric tons in June from 67.9 tons in May and 36.4 tons a year earlier, according to data compiled by Bloomberg from the Hong Kong Census and Statistics Department. That’s the smallest since July 2014.