1 Day
Source:
معلومات مباشر
China's Gold Purchases and Global Impact
China continues to buy gold heavily, recording its largest monthly purchase in three years during September with an addition of about 23 tons; this comes amid rising demand for the metal as a safe haven for savings and to reduce reliance on the US dollar. China's gold imports for the first eight months of 2026 exceeded $6 billion, surpassing last year's figures. This trend is attributed to concerns over geopolitical tensions and the adoption of gold as a backup plan against restrictions on access to foreign exchange reserves, especially after reducing its holdings of U.S. Treasury bonds. Analysts expect the price of gold to rise between $4,750 and $5,500 per ounce by the end of the first quarter of 2027, fueled by ongoing demand driven by economic and political concerns.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)