China lifts temporary curbs on gold imports as renminbi recovers

China eases, FX capital controls, permitting, gold price, to converge with Comex

Spread between Shanghai spot price and London hit record $121 per troy ounce last week

The People’s Bank of China controls how much gold enters China’s domestic market through a system of quotas given to banks © Bloomberg

China’s central bank has lifted temporary curbs on gold imports that were imposed on some lenders in a bid to defend the renminbi but c…