China’s Gold imports plunge to seven-month low – Commerzbank
China’s appetite for Gold is slowing as imports fall to seven-month lows, while exports to Hong Kong surge, pushing net imports 45% below last year’s level, Commerzbank's commodity analyst Carsten Fritsch notes.

China’s appetite for Gold is slowing as imports fall to seven-month lows, while exports to Hong Kong surge, pushing net imports 45% below last year’s level, Commerzbank's commodity analyst Carsten Fritsch notes.

Swiss exports to China drop over 90% in October

"The rise in the price of Gold to a record high in October has visibly slowed demand for Gold in China. A week ago, Swiss Gold exports showed a slump of more than 90% in deliveries to China in October."

"Data published this week by the Hong Kong Statistics Department also showed a noticeable decline in China's Gold imports. According to this data, net imports amounted to only 8 tons last month. This was the lowest level since March, when China exported even more Gold to Hong Kong than it imported from there."

"Gross imports fell to a seven-month low of 30 tons, while exports rose to 22 tons, a seven-month high. After 10 months, China's net imports from Hong Kong are 45% below the previous year's level, with the decline mainly attributable to a sharp increase in exports, which rose by a good 160% year-on-year, while imports recorded only a slight decline of 6%."

Higit sa isang milyong user ang umaasa sa FXStreet para sa real-time market data, charting tools, expert insights, at Forex news. Ang komprehensibong economic calendar at educational webinars nito ay tumutulong sa mga trader na manatiling may alam at gumawa ng kalkuladong mga desisyon. Sinusuportahan ang FXStreet ng humigit-kumulang 60 propesyonal sa pagitan ng Barcelona HQ at iba’t ibang rehiyon sa buong mundo.
Magbasa pa

LIVE QUOTES

Pangalan / Simbolo
Tsart
% Pagbabago / Presyo
XAUUSD
1 araw na pagbabago
+0%
0
XAGUSD
1 araw na pagbabago
+0%
0
XPTUSD
1 araw na pagbabago
+0%
0

LAHAT TUNGKOL SA GOLD

Galugarin ang Higit pang mga Tool
Trading Academy
Mag-browse ng malawakang hanay ng mga educational na artikulo na sumasaklaw sa mga trading strategy, market insights, at financial fundamentals, lahat sa isang lugar.
Matuto pa
Mga Kurso
Galugarin ang mga structured na trading course na idinisenyo upang suportahan ang inyong paglago sa bawat yugto ng inyong trading journey.
Matuto pa
Webinar
Sumali sa mga live at on-demand na webinar upang makakuha ng real-time na market insights at trading strategies mula sa mga eksperto sa industriya.
Matuto pa