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23.06.26 - 01:45
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China Gold Imports Soar To Two Year High, As Hong Kong Gold Bar Imports Surge Ahead Of Clearing System Launch (ZeroHedge)
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China Gold Imports Soar To Two Year High, As Hong Kong Gold Bar Imports Surge Ahead Of Clearing System Launch
China's monthly gold imports reached their highest in more than two years in May, showing the world's biggest buyer's appetite for bullion remained resilient as prices remained under pressure; the number prompted some to scratch their heads as to where all this gold is going in light of tepid official central bank purchases, coupled with the lowest gold withdrawals from the Shanghai Gold Exchange since the covid outbreak.
As Bloomberg reports, imports were around 163 tons last month, the highest since March 2024, according to customs data released on Saturday. Volumes for the first five months of 2026 were about 692 tons, up by about 76% from a year earlier.
Chinese demand for physical bullion bars, as well as metal linked to gold accumulation plans (low-barrier products that allow investors to buy gold incrementally), have been among the main drivers of the surge, said Song Ji...
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22.06.26 - 17:18
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Alamos Gold Rejects Buyout Speculation (Bloomberg)
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Alamos Gold CEO John McCluskey joins Bloomberg Open Interest to explain the seismic disruption behind the company's production cut, why he sees the setback as temporary, and why he rejects the idea that a weaker share price makes Alamos an M&A target. (Source: Bloomberg)...
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22.06.26 - 14:42
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Gold Slips Amidst Decline In Crude Oil Prices (AFX)
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WASHINGTON (dpa-AFX) - Gold prices declined on Monday amidst the progress in diplomatic efforts to end hostilities between the U.S. and Iran. Gold futures shed close to half a percent while negoti......
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