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CoinStats - China’s Gold Buying Adds Support Above $4,400

Gold has just crossed a threshold that draws all attention. Above 4,400 dollars an ounce, the precious metal benefits from a particularly favorable cocktail: weakness in the US employment market, anticipation of a more flexible monetary policy, and continued purchases from China. Added to these factors are geopolitical tensions and the rise in oil prices, which revive inflation fears. Faced with economic and monetary uncertainties, investors and…

22 Articles

Sözcü

Lean Left

On One Hand the US, on the Other Hand Iran: Gold Price Is Approaching 7,000 Turkish Lira per Gram - Sözcü Newspaper

Claims that the ceasefire between the US and Iran had been extended were denied by Tehran. Following the denial of the ceasefire and after the release of inflation figures from the US side, sharp movements were seen in the markets. Gram gold rose to 6,813 lira, heading towards 7,000 lira. Here's what happened...

6 days ago·Türkiye

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South China Morning Post

Center

Why Fed moves trump geopolitical risks, China gold buying in analysts’ forecasts

Bullion forecasts have softened, LBMA’s survey shows, despite the World Gold Council reporting unprecedented demand in second quarter.

6 days ago·Hong Kong, Hong Kong

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Live Mint

Center

Gold, silver rates to USD vs INR: Commodity heatmap amid soaring crude oil prices

Gold and silver rates today are showing a strong recovery, but both the precious metals are now approaching technically significant resistance levels

6 days ago·New Delhi, India

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Anadolu Ajansı

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anews.com.tr

Lean Right

Gold hits 10-week high at $4,400 amid China demand, US-Iran uncertainty

Chinese central bank added about 20 tons of gold to reserves in July

7 days ago·Ankara, Türkiye

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Bloomberg

Center

Gold Touches $4,400 as Traders Turn Focus to US Inflation Data

Gold declined from a two-month high as traders weighed prospects of a US-Iran deal to reopen the Strait of Hormuz while awaiting a key US inflation report that could provide fresh clues on the Federal Reserve’s appetite for an interest-rate hike.

8 days ago·New York, United States

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Cryptocurrency News - TCAT

China's Relentless Gold Buying Pushes Prices Past $4,400 as U.S. Jobs Crater

Gold blew past $4,400. Not slowly, not quietly — it moved fast, and the reasons stack up quickly. The metal… Read the original on China’s Relentless Gold Buying Pushes Prices Past $4,400 as U.S. Jobs Crater. For more crypto news and analysis, visit TheCurrencyAnalytics.com.

5 days ago

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