Gold-Trading Frenzy Erupts in China as Tensions With US Escalate

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Gold-Trading Frenzy Erupts in China as Tensions With US Escalate

China saw an explosive surge in gold trading last week as the metal hit successive records and Sino-US trade tensions rose.

The Chinese Central Bank has been continuously investing in gold for five months. Meanwhile, the total gold stock of the Institute amounts to 2,292 tons. The government is now also calling on insurance companies to invest in the precious metal. China's insurers' contribution to investing in gold was first published on insurance today.

Gold is now traded in China with a $20 premium vis-à-vis foreign countries. Various buyer groups are putting great pressure on buying. The post-gold frenzy in China – massive onslaught thanks to trade war appeared first on financemarktwelt.de.