Gold gains
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The rule covers investment products like high-purity gold bars and ingots, as well as coins approved by the People's Bank of China, and non-investment uses such as jewellery and industrial materials
The People’s Bank of China reported its 11th consecutive monthly gold purchase, adding 1.2t in September and pushing the Q3 total to 5t. Read more here.
Gold prices fell below $4,000 per ounce on Monday as signs of a thaw in U.S.-China trade tensions reduced some of the bullion's safe-haven appeal, while market participants awaited the U.S. Federal Reserve's interest rate decision this week.
Net imports via Hong Kong to China for September stood at 22.047 metric tons, compared with 26.746 tons in August.
Gold and silver prices extended last week's sharp losses as the US and China agreed to a framework for trade negotiations, and analysts say prices could move even lower in the near term.
China aims to become custodian of foreign sovereign gold reserves in a bid to strengthen its standing in the global bullion market, according to people familiar with the matter.
The market is still being fueled by bullish bets on AI. BofA's Michael Hartnett says two assets in particular could hedge against a pullback.
Mother of ‘naughty’ boy tells him not to relieve himself outside because poop is ‘too expensive’. Five days later, doctors help retrieve gold.
Gold extended declines on Tuesday to a three-week low as optimism over a US-China trade deal continued to put pressure on the safe-haven asset.