By ZeroHedge - Feb 15, 2023, 9:00 AM CST
- China’s gold imports hit the highest level since 2018 last year.
- Total gold imports sat at 1,343 tons in 2022.
- A recovery in the Chinese economy after it was strangled by government COVID restrictions helped drive the rebound in the gold market.
China imported 1,343 tons of gold in 2022, the highest import level since 2018. Total gold imports for the year were up 64% over 2021.
China ranks as the world’s biggest gold consumer.
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Gold demand in China picked up during the last half of the year as the government relaxed some COVID restrictions. China imported 157 tons of gold in December to close out a strong H2.
The World Gold Council called it “a tale of two halves.”
