China, gold
Digest more
18hon MSN
Gold, silver slide on signs of thaw in U.S.-China trade tensions; YTD highs may have passed
Gold and silver prices extended last week's sharp losses as the US and China agreed to a framework for trade negotiations, and analysts say prices could move even lower in the near term.
Net imports via Hong Kong to China for September stood at 22.047 metric tons, compared with 26.746 tons in August.
Gold prices dropped below $4,000 an ounce in Monday dealings, pressured in part by renewed optimism surrounding U.S.-China trade negotiations. That price level marks a "key threshold" that will define the near-term forecast for the precious metal,
China has emerged as a major force behind the recent surge in gold prices, with its growing influence projected to surpass even that of the U.S. dollar, according to a top economist.
Major indexes all closed at all-time highs, with the S&P 500 ending above 6,800 for the first time ever.
Gold’s record-breaking rally in 2025 shows no signs of slowing, and analysts say China is the key reason behind it. With Beijing’s relentless gold buying and global investors seeking safety amid a weaker dollar,
Gold prices eased on Friday and were on track for their first weekly drop in 10, weighed down a stronger dollar and as market participants squared positions ahead of a key U.S. inflation report due later in the day.
Gold and silver prices remain under pressure as a stronger U.S. Dollar and fading Indian demand weigh ahead of key CPI data and U.S.-China trade talks.
Feedback