China's Gold Appetite Returns: New Import Quotas Signal Market Shift

24.08.19 News

China’s central bank has issued new gold import quotas to several banks after a two-month pause, signaling potential renewed demand despite record-high prices. This move comes as gold prices hit an all-time high of $2,500.99 per ounce, driven by a weaker dollar and expectations of U.S. monetary easing. While jewelry demand remains weak, investment interest is healthy. The resumption of import quotas could further boost gold prices if Chinese demand picks up, although current market indicators suggest subdued activity.

Share This Article

Choose Your Platform: Facebook Twitter Linkedin