Despite a tepid June, both the LBMA Gold Price PM in USD and the Shanghai Benchmark Gold Price PM in RMB saw their strongest H1 performances for nine years. Gold withdrawals from the Shanghai Gold ...
Chinese investors are shifting from gold to domestic stocks as equity markets rally. China's gold demand fell in August, with record prices deterring buyers despite central bank purchases.
Chinese investors have poured their savings into gold, attracted by promises of rising prices. One company’s sudden closure is a cautionary tale. By Joy Dong and Daisuke Wakabayashi Joy Dong reported ...
SHANGHAI, Oct 9 (Reuters) - Chinese consumers have long been lovers of gold, but record high prices are having an impact on buyers' purchasing power when it comes to shopping for jewelry or for buying ...
China is rapidly closing the “gold gap” with the U.S. as it quietly builds what is believed to be world’s second largest stockpile of gold. Unofficial estimates put China’s gold reserves at up to 5500 ...
Goldman Sachs expects a significant wave of central-bank gold purchases for November. The bank’s outlook anticipates a continued shift in reserve management as policymakers hedge against geopolitical ...
Gold recorded another positive month in August, mainly supported by higher inflation expectations, intensifying expectations of a Fed cut and continued dollar weakness. Amidst local investors' ...
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China has discovered a gold deposit holding an estimated 1,444 tonnes of reserves worth nearly US$193 billion at current prices, the largest in the country since 1949. The Dadonggou deposit, found in ...
SHANGHAI, Nov 3 (Reuters) - A Chinese state bank closed retail gold accounts to new investors on Monday, two days after Beijing tweaked a long-standing tax exemption for the metal that is likely to ...
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