China's Gold Appetite Returns: New Import Quotas Signal Market Shift China’s central bank has issued new gold import quotas to several banks after a two-month pause, signaling potential renewed demand despite record-high prices. This move comes as gold prices hit an all-time high of $2,500.99 per ounce, driven by a weaker dollar and expectations of U.S. monetary easing. While jewelry demand remains weak, investment interest is healthy. The resumption of import quotas could further boost gold prices if Chinese demand picks up, although current market indicators suggest subdued activity. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Precious Metal Continue Climbing on Expectations of Rate Reduction READ MORE Nasdaq: Where are Precious Metals Prices Heading in Q2? READ MORE Heraeus Outlines Four Bullish Indicators for Gold's 2024 Outlook READ MORE US Debt Interest to Eclipse Defense Spending READ MORE Paul Tudor Jones Sounds Alarm on U.S. Debt Crisis READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment