China’s Gold Imports Rise for a Third Month on Jewelry Sales
By GCRU Gold News on Wednesday, November 26 2014, 23:35 - Permalink
China’s gold imports from Hong Kong rose for a third month as increasing jewelry sales countered weakening demand for the metal as an investment amid falling prices.
Net imports totaled 69 metric tons in October, compared with 61.7 tons the previous month and 129.9 tons a year earlier, according to calculations by Bloomberg News based on data from the Hong Kong Census and Statistics Department today. Exports to the territory from China rose to 42.4 tons in October from 30.1 tons in September, the statistics department said in a separate statement. The figures don’t represent all imports of the metal by China, which doesn’t publish such data.