China exported significantly more Gold to Hong Kong in February – Commerzbank
Portfolio Pulse from
Commerzbank analyst Carsten Fritsch reports that China exported 41 tons of Gold to Hong Kong in February, the highest level in 10 years. This unusual net export suggests extremely weak domestic Gold demand, with traders potentially seeking better pricing in international markets.
March 28, 2025 | 10:30 am
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NEGATIVE IMPACT
Significant Gold exports from China suggest potential oversupply and weak domestic demand, which could influence global Gold pricing dynamics.
Increased Gold exports from China indicate low domestic demand and potential market oversupply, which could negatively impact Gold prices in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90