View full page at metalsmine.com

 

China and India Curb Gold Imports at Record-High Prices

From bullionvault.com

Gold imports to China and India, the precious metal's 2 largest consumer markets, are being curbed by government action, even as near-record prices and the seasonal summer lull dent household demand to buy gold jewelry, bars and coin. Between them, China and India have accounted for 1-in-every-2 ounces of global gold demand between them over the last decade. But with gold prices hitting new all-time Yuan and Rupee highs in 2023, China has suspended new import licenses for the precious metal while India has added some types of gold jewelry to its list of 'restricted' imports. "Currently, no new import quotas have been ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis