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China's November net gold imports via Hong Kong more than doubled from October
As the world's leading gold consumer, China's purchasing activities can significantly influence global gold markets. The Hong Kong data may not provide a complete picture of Chinese purchases, as gold is also imported via Shanghai and Beijing. Net imports via Hong Kong to China for November stood at 16.16 metric tons, compared with 8.02 tons in October. China's total gold imports via Hong Kong reached 30.22 tons in November, up 0.5% from 30.08 tons in October. "During November, we saw a lot of volatility in domestic Chinese premiums, moving from a modest premium to a significant discount, which suggests very mixed ... (full story)
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