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China gold market update: October's unseasonable strength
For gold, October was a tale of two halves. The metal initially soared, setting successive records on various risks and strong ETF buying, before cooling later in the month as geopolitical concerns eased and profit-taking emerged. Ultimately, both the LBMA Gold Price PM and SHAUPM finished the month positive (Chart 1), extending their stellar y-t-d gains to 44% and 42%, respectively. And gold bounced higher in the first half of November, supported by rising risks and improving gold ETF inflows. The LBMA Gold Price PM in USD and the SHAUPM in RMB rose by 1.5% and 3.3% respectively during the first two weeks of ... (full story)
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From msn.com | Nov 17, 2025
China added an estimated 15 tons of gold to its foreign exchange reserves in September, and worldwide central bank purchases of the metal likely totaled 64 tons for September, more than tripling the 21 tons reached in August, as central banks accelerated their purchases of bullion following a seasonal summer lull, Goldman Sachs analysts said Monday. Central ...
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From cnbc.com | Nov 17, 2025
India’s goods trade deficit hit an all-time high of $41.7 billion in October as gold imports surged on festive season demand, while exports to U.S. bore the brunt of steep tariffs. The deficit, which was sharply wider than Reuters poll estimates of $28.8 billion, topped the previous all-time high of $37.8 billion in November 2024, according to LSEG data. ...
