Robust Gold demand in China – Commerzbank Gold China XAUUSD Banks
China’s low Gold imports from Hong Kong not a sign of weak consumer demand
“Refinitiv data show that physical premiums for Gold in China, that is to say, the surcharge payable on the global reference price level, amounted to as much as $30 per troy ounce in January. The decrease in gold imports cannot, therefore, be seen as a sign of weaker consumer demand. It is more likely the case that there was insufficient supply in China.”
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