Gold Demand from China to go up
Gold and Silver are extending their run and have received an adrenaline shot on a Reuters report (confirmed by other sources) that China will now allow domestic international banks to import large amounts of Gold. China is the world's number one consumer of Gold, but the PBOC only allows just enough to meet the demand to be imported. Amid a steadfast recovery, demand is surging, and China is raising its quota to the most significant level since 2019. These are the much-needed tailwinds the metals markets were needing.