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China's October net gold imports via Hong Kong hit 3-year high
By Bharat Gautam
Reuters
via Nasdaq.com, New York
Thursday, November 25, 2021
China's net gold imports via Hong Kong jumped 56% in October from the previous month to the highest since June 2018, as buyers in the top consumer stocked up on the metal as a cushion against rising inflation.
Net imports stood at 54.26 tonnes in October compared with 34.79 tonnes in September, Hong Kong Census and Statistics Department data showed Thursday.
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Total gold imports via Hong Kong rose to 57.80 tonnes from 41.88 tonnes.
"The healthy figures reflect what we're seeing in the spot market, which is to say loco Shanghai gold has been trading at a significant premium over loco London spot," independent analyst Ross Norman said. ...
... For the remainder of the report:
https://www.nasdaq.com/articles/chinas-october-net-gold-imports-via-hong-kong-hit-3-year-high
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