China's gold imports hit two-year high

China's gold imports saw a significant increase in May, reaching approximately 163 tons, the highest level since March 2024. During the first five months of 2026, imports rose by nearly 76% compared to the same period last year. This comes amid continued strong demand for the precious metal despite a roughly 25% decline in prices since the beginning of the year. The growth is attributed to increased demand for bars and investment products, along with regulatory changes in the gold import system.

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