Bloomberg reports that:

  • China’s net gold imports from Hong Kong fell 4.8 percent in June … said partially due to the government curbing the use of bullion in financing deals
  • Mainland buyers purchased 101 metric tons, after deducting flows from China into Hong Kong, compared with 106 tons a month earlier
  • Inbound shipments including scrap were 113 tons, from 127 tons in May.