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Gold Bullion Imports Into China via Hong Kong More Than Doubles in March


 -- Published: Wednesday, 26 April 2017 | Print  | Disqus 

Gold bullion imports into China via main conduit Hong Kong more than doubled month-on-month in March, data showed on Tuesday as reported by Reuters.

China’s net-gold imports via Hong Kong more than doubled in March to 111.6 tonnes. Chart not updated as official data not publicly available yet. Source: Goldchartsrus.com

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.

Source: Goldchartsrus.com

Gold bullion is often seen as an alternative investment during times of political and financial uncertainty.

Gold prices eased on Tuesday as investor sentiment remained skewed towards riskier assets in the wake of the French election results last weekend, though concerns over tensions on the Korean peninsula limited the safe-haven metal’s losses.

Full article on Reuters here

Related content:
– Switzerland’s Gold Exports To China Surge In December

– Gold Flows East – China, India Import Massive Quantities of Gold from Switzerland
– Shanghai Becoming Global Gold Hub And Gold Price Discovery Centre
– Gold Demand in China Heading For Record and Reserves Increase 14 Tonnes In October

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Gold Prices (LBMA AM)

26 Apr: USD 1,264.95, GBP 986.79 & EUR 1,160.21 per ounce
25 Apr: USD 1,270.50, GBP 990.48 & EUR 1,165.81 per ounce
24 Apr: USD 1,271.80, GBP 991.11 & EUR 1,169.42 per ounce
21 Apr: USD 1,281.50, GBP 1,000.85 & EUR 1,197.31 per ounce
20 Apr: USD 1,279.90, GBP 996.91 & EUR 1,188.00 per ounce
19 Apr: USD 1,282.05, GBP 999.74 & EUR 1,196.79 per ounce
18 Apr: USD 1,285.00, GBP 1,025.82 & EUR 1,205.46 per ounce

Silver Prices (LBMA)

26 Apr: USD 17.59, GBP 13.72 & EUR 16.15 per ounce
25 Apr: USD 17.84, GBP 13.92 & EUR 16.40 per ounce
24 Apr: USD 17.81, GBP 13.90 & EUR 16.40 per ounce
21 Apr: USD 17.98, GBP 14.05 & EUR 16.80 per ounce
20 Apr: USD 18.19, GBP 14.21 & EUR 16.91 per ounce
19 Apr: USD 18.22, GBP 14.19 & EUR 16.99 per ounce
18 Apr: USD 18.42, GBP 14.56 & EUR 17.27 per ounce

http://www.goldcore.com/us/

 


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 -- Published: Wednesday, 26 April 2017 | E-Mail  | Print  | Source: GoldSeek.com

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