Gold Bullion Imports Into China via Hong Kong More Than Doubles in March
China’s net-gold imports via Hong Kong more than doubled in March to 111.6 tonnes.
Net-gold imports by the world’s top gold consumer through the port of Hong Kong rose to 111.647 tonnes in March from 47.931 tonnes in February, according to data emailed to Reuters by the Hong Kong Census and Statistics Department.
China’s net-gold imports rose to its best since May 2016. Total gold imports rose to 116.68 tonnes in March from 49.026 tonnes in February.
Both total and net imports in March rose for a second straight month.
Gold has risen over 10 percent so far this year, driven by geopolitical worries.