China Gold Imports Drop on Weaker Demand, Qingdao Metals Probe
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China’s gold imports from Hong Kong fell for a fourth month in June amid weaker demand from retailers and a deepening probe into commodities being used in financing deals.
Net imports totaled 36.4 metric tons, compared with 52.3 tons in May and 100.9 tons a year ago, according to calculations by Bloomberg News based on data from the Hong Kong Census and Statistics Department today. Exports to Hong Kong from China rose to 19.7 tons in June from 14.9 tons in May, the statistics department said in a separate statement. Mainland China doesn’t publish such data.