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China Buys Record Amount Of Gold As India Panics, Scraps Key Tax Relief On Precious Imports
China Buys Record Amount Of Gold As India Panics, Scraps Key Tax Relief On Precious Imports
Gold is climbing notably this morning, underscoring the potential for the precious metal to ratchet higher into year-end thanks to sustained buying from central banks and retail investors.
On the retail side, the total known ETF holdings of bullion are up this week, set to match the 12-week streak of gains posted through April 18, 2025.
That means the stockpile exceeds the peak touched just before the outbreak of the Iran war.
And central banks are backing...
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