https://www.reuters.com/markets/commodities/chinas-gold-buying-break-seen-fleeting-given-its-long-term-needs-2024-07-17/
There is also potential for China to ramp up their gold buying again
Apparently, the high gold price is what deterred China from continuing to stockpile in May + June
However, the price of gold has continued to increase without their purchases - and is forecast to continue to increase. Will they keep waiting or will they start buying again?
China's gold reserves need to rise in absolute and relative terms because they do not match the status of the world's second-largest economy and gold's share of its reserves is the lowest of any major economy, said a Chinese policy insider involved in internal discussions who declined to be named due to the sensitivity of the matter.
- Forums
- ASX - By Stock
- Gold and macro environment
https://www.reuters.com/markets/commodities/chinas-gold-buying-br...
-
-
- There are more pages in this discussion • 338 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SPR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.42 |
Change
0.010(0.71%) |
Mkt cap ! $1.566B |
Open | High | Low | Value | Volume |
$1.40 | $1.42 | $1.39 | $11.63M | 8.274M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | $1.41 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.42 | 201527 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1005 | 1.490 |
1 | 379 | 1.455 |
1 | 1400 | 1.420 |
1 | 96 | 1.415 |
2 | 2012 | 1.410 |
Price($) | Vol. | No. |
---|---|---|
1.345 | 11381 | 1 |
1.370 | 260 | 1 |
1.390 | 8619 | 1 |
1.415 | 4443 | 1 |
1.420 | 145470 | 5 |
Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
Featured News
SPR (ASX) Chart |