-
China gold market update: Official buying accelerated in May
Gold ended May with a modest decline. The LBMA Gold Price PM was down 1.4% and the Shanghai Gold Benchmark Price PM (SHAUPM) fell by 2.7% – as the RMB strengthened it exacerbated the weakness in the Chinese gold price (Chart 1). Uncertainties in the Middle East and related inflationary concerns – which pushed yields and the dollar up – were key drivers of gold in the month. Chinese gold ETFs saw their first monthly outflow since August 2025, shedding RMB8.2bn (US$1.2bn) in May. Combined with a lower gold price, total AUM declined by 5% to RMB289bn (US$43bn). Chinese gold ETF holdings had dropped 8.3t to 293t by ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From finance.yahoo.com|5 hr agoChina's new bank lending rose less than expected in May after contracting the previous month, as a prolonged property downturn continued to weigh on household borrowing. China's ...
From @FirstSquawk|5 hr ago|49 commentsIRAN NOT TO RESTORE HORMUZ STRAIT STATUS TO PRE-WAR LEVEL - IRNA IRAN SEEKS WAR COMPENSATION IN 'REALISTIC' FRAMEWORK - IRNA IRAN'S FOREIGN MINISTRY SAID THE TEXT REMAINS SUBJECT TO FINAL DECISION IRAN'S IRNA: THE FUTURE ADMINISTRATION OF THE STRAIT WILL BE RESOLVED AS A REGIONAL MATTER THROUGH DIALOGUE AND JOINT DECISION-MAKING BETWEEN TEHRAN AND OMAN
From cnbc.com|6 hr ago|9 commentsThe draft version of the Iran-U.S. memorandum of understanding includes a commitment from the U.S. to lift oil sanctions and a commitment from Iran to reopen the Strait of Hormuz ...
-
- Newer Stories
From tradequo.com|3 hr agoGold has never really gone out of style. Whether markets are calm or the world feels like it's unraveling at the seams, investors consistently turn to gold as a place of shelter. ...
From moneycheck.com|2 hr 41 min agoPrecious metal markets showed marginal gains Friday while maintaining a trajectory toward weekly losses, with market participants closely monitoring diplomatic developments ...
From @FoxNews|2 hr 37 min ago|11 commentsBREAKING: A White House official says Iran has agreed to a performance-based deal that would require major concessions before receiving any sanctions relief. According to the official, Iran's nuclear material would be destroyed and removed, its nuclear program dismantled, and…
- Story Stats
- Jun 12, 6:53am | 4 hr ago Posted byFundamental Analysis113
- Instruments:
