China's gold imports through HK at 10-month high

2015-11-02

China\'s gold imports through HK at 10-month high

China's net gold imports from main conduit Hong Kong jumped to a ten-month high in September, data showed on Tuesday, in a strong sign of recovering demand in the second half of the year.

Imports by the world's top consumer have now risen for three consecutive months, with the third quarter recording the best quarter of the year for overseas purchases.

China's appetite for gold has improved in the second half of 2015, as domestic stock markets performed badly.

Its net gold imports from Hong Kong rose to 97.242 tonnes last month from 59.319 tonnes in August, according to data emailed to Reuters by the Hong Kong Census and Statistics Department.

Source from : CNBC

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