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China's net gold imports via Hong Kong slump nearly 59% in May
By Eileen Soreng
Reuters
Monday, June 28, 2021
China's net gold imports via Hong Kong more than halved in May from the previous month, when they touched the highest level in nearly three years, as demand for the precious metal faltered amid fresh coronavirus-led restrictions.
Net imports stood at 21.78 tonnes in May compared with 52.82 tonnes in April, Hong Kong Census and Statistics Department data showed today. Total gold imports via Hong Kong fell to 26.684 tonnes from 55.699 tonnes, the data showed.
In May last year, gold imports fell below exports for a second straight month.
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