Gold Digger: China back making big gold buys as price tops US$3300/oz
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Gold Digger: China back making big gold buys as price tops US$3300/oz
Gold prices are back above US$3300/oz, with the All Ords gold sub0-index 13% up in a week Open interest on the Shanghai Futures Exchange is at levels not seen since Q4 2019 Chinese gold imports hit an 11-month high of 127.5Mt in April A few weeks ago we looked at the impact on gold prices as Chinese traders heavily liquidated gold positions on local exchanges in the lead up to the key Labor Day holiday in the Middle Kingdom. READ: Gold Digger:…
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