Big news broke last Friday morning by Reuter’s Peter Hobson and others writing an exclusive report on revamping Chinese gold demand this April and May 2021.
Headlines read, “China renews appetite for gold with US$8.5 billion set to arrive as central bank relaxes quotas.”
China’s appetite for gold jewelry, bars, and coins has recovered as the economy rebounded in recent months.
Around 150 tonnes of gold bullion are to be shipped by next month May 2021, five sources confirm (currently worth US$8.5 billion at today’s gold spot price).
On behalf of SDBullion.com, this is James Anderson bringing you this week’s SD Bullion market update in video format below.
We had very fundamentally bullish bullion news this past week, have a look. Read more…..
Chart of the Day
Apr.09 — Mohamed El-Erian, a Bloomberg Opinion columnist, advises investors to “keep an eye on flows.” He speaks with Bloomberg’s Jonathan Ferro on “Bloomberg The Open.” El-Erian’s opinions are his own.