COVID restrictions cool Chinese gold demand in October, but market looks healthy ahead of Lunar New Year

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 78%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

LunarNewYear golddemand China COVID restrictions cool Chinese gold demand in October, but market looks healthy ahead of Lunar New Year

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

However, Hong Kong's trade data only provides a partial picture of Chinese gold demand. While direct mainland imports are down, they are not as severe as flows from the island. According to customs data from Switzerland, 43.7 tonnes of gold was exported to mainland China, down slightly from 44 tonnes in September.

In another sign of a healthy market, Fritsch noted that gold imports from Switzerland have increased 70% in the first ten months of 2022 compared with last year.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 13. in FR

France Dernières Nouvelles, France Actualités