Post by
llihevad1 on Apr 17, 2021 6:46am
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.
Comment by
goldstd69 on Apr 18, 2021 9:32pm
havnt we been hearing that for decades....china and india will make gold soar....??
Comment by
stockfy on Apr 20, 2021 5:11pm
Gold price is not dependent only on the supply and demand. There are other factors that play a key role in the gold price too. I'm sure you know them. However, it's good that demand from China and India remains decent.