Chinese gold bugs lift price premium over world market to record level

  • 📰 MiningWeeklyAUS
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

China’s suddenly full of gold bugs. The market for bullion in China has surged this month, at times commanding a record premium over international prices of more than $100 an ounce, compared with an average over the past decade of less than $6. On Wednesday, an ounce of gold in Shanghai cost $2 007, about 6% higher than the price in London or New York, according to calculations by Bloomberg.

It also marks a sharp reversal from earlier in the year, when China’s slowdown curbed interest in the metal as consumers responded to uncertain economic conditions by conserving cash.

Although import restrictions have been loosened, bullion should remain supported by firm demand, Standard Chartered analystFactor in China’s protracted property crisis, loose monetary policy and tumbling bond yields, and it’s no mystery why demand for a haven like gold would soar.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 233. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama