Chinese gold imports fell significantly in 2014: Morning Report
- Published: Jan 28, 2015, 4 AM
1. Chinese gold imports down
Gold imports to China from its main conduit, Hong Kong, were down big in 2014 compared to 2013, according to Bloomberg.
"Net imports by mainland China were 750 metric tons last year, down from 1,108.8 tons in 2013, when shipments more than doubled, according to data compiled by Bloomberg from the Hong Kong Census and Statistics Department,” Bloomberg’s Jan. 27 report reads.
Demand for bullion has fallen due to China’s campaign against corruption paired with stock-market rallies that lower gold investment interest.
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Kitco.com listed the following prices per ounce at 8:50 a.m. ET Wednesday:
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