Monday, December 28th 04:46 PM IST

China's Gold imports from Hong Kong falls to 66.8 tons in Nov

# China Gold  # Gold  # Hong Kong Gold  

Net purchases declined to 66.8 tons from 68.2 tons in October and 87.2 tons a year earlier, according to data from the Hong Kong Census & Statistics Department compiled by Bloomberg.

BEIJING (Bullion Street): China’s net imports of gold from Hong Kong dropped for a second month in November as investors were deterred by bearish prospects for prices amid rising U.S. interest rates.

Net purchases declined to 66.8 tons from 68.2 tons in October and 87.2 tons a year earlier, according to data from the Hong Kong Census & Statistics Department compiled by Bloomberg.

The mainland bought 103.1 tons, including scrap, compared with 87.8 tons a month earlier. Exports to Hong Kong were 36.3 tons from 19.7 tons. Mainland China doesn’t publish the data.

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