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CoinStats - China’s Gold Buying Adds Support Above $4,400

Summary by coinstats.app
Gold has just crossed a threshold that draws all attention. Above 4,400 dollars an ounce, the precious metal benefits from a particularly favorable cocktail: weakness in the US employment market, anticipation of a more flexible monetary policy, and continued purchases from China. Added to these factors are geopolitical tensions and the rise in oil prices, which revive inflation fears. Faced with economic and monetary uncertainties, investors and…

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Claims that the ceasefire between the US and Iran had been extended were denied by Tehran. Following the denial of the ceasefire and after the release of inflation figures from the US side, sharp movements were seen in the markets. Gram gold rose to 6,813 lira, heading towards 7,000 lira. Here's what happened...

·Türkiye
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Bloomberg broke the news in New York, United States on Monday, August 10, 2026.
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