China’s net gold imports via Hong Kong surge in 2021

NASDAQ/Bharat Gautam-Reuters/1-27-2022

graphic image of overseas shipping container filled with gold bars showing China flag

“China’s net gold imports via Hong Kong surged in 2021 despite a dip in December from the previous month, as consumers stocked up on bullion to shield against economic risks.”

USAGOLD note: OANDA’s Craig Erlam credits a strained Chinese property market and a choppy stock market for investors’ pivot to gold.

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