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China's March net gold imports via Hong Kong rise 40% from February
By Ashitha Shivaprasad
Reuters
via Mining.com, Toronto
Thursday, April 25, 2024
China's net gold imports via Hong Kong jumped 40% in March from the previous month, Hong Kong Census and Statistics Department data showed today.
Net imports into the world's top gold consumer stood at 55.836 metric tons in March, compared with 39.826 tons in February, the data showed.
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Total gold imports via Hong Kong were up about 40.2% at 63.499 tons.
China is the biggest billion consumer and its buying trends can have bearing on global prices. China's central bank added 160,000 troy ounces of gold to its reserves in March, it said this month. China held 72.74 million ounces of gold at the end of March, from 72.58 million ounces in February.
The People's Bank of China, which controls the amount of gold entering the country via quotas to commercial banks, was the largest official-sector buyer of gold in 2023. ...
... For the remainder of the report:
https://www.mining.com/web/chinas-march-net-gold-imports-via-hong-kong-up-40-from-feb/
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