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China's gold market importance probably growing, says precious metals analyst

From miningweekly.com

China is probably growing in importance to the gold market the same way it is growing in importance to the global economy. By contrast, the hegemonic dominance of the US is continuing to deteriorate amid the Middle East war having a very negative consequence for its global role. The gold market is being impacted by scam artists using AI to flood the Internet with bad information and there's also a lot of misinformation about central banks buying much more gold than the correct level of about ten-million ounces a year. The reason to be bullish on gold is that investment demand is up very sharply and is likely to grow ... (full story)

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  • Category: Fundamental Analysis