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Gold’s $4,500 Stalemate: Why Record Asian Demand Isn’t Enough to Counter the Fed
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Gold’s $4,500 Stalemate: Why Record Asian Demand Isn’t Enough to Counter the Fed
China’s net gold imports via Hong Kong surged 81.2% in April to 86.7 tonnes, while the People’s Bank of China added to its reserves for an 18th consecutive month, lifting holdings to 2,322 tonnes. Yet bullion closed Thursday at $4,538 an ounce — roughly 16.7% below its 52-week high of $5,450 touched in January. The […] The post Gold’s $4,500 Stalemate: Why Record Asian Demand Isn’t Enough to Counter the Fed appeared first on NewsCase.
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