china

Long after the Americans finish celebrating New Years and begin to renege on resolutions, the Chinese are just getting started. While the Chinese “Spring Festival” has not caught on with the rest of the world, the impact of this Chinese tradition offers average Americans a unique opportunity to benefit here in the USA . . . .

China’s growing throng of affluent consumers is driving a rebound in demand for gold rings, bracelets and necklaces as a property boom and high stock market valuations boost wealth in the largest bullion market . . . .

Despite the headwinds of rising interest rates, gold was the best performing metal this week, although down slightly by 1.24 percent.  Gold traders are bullish for the fourth week in a row after the yellow metal posted its biggest monthly advance in five months in January, according to Bloomberg’s weekly survey . . . .

Consumption of the precious metal climbed 9.4 per cent to 1,089 tonnes, according to data from the China Gold Association, released on Thursday. That represents a big turnaround . . . .

Chinese business news and analysis portal BWChinese has outlined how, in addition to the petro-yuan, China and its Russian partners can go about creating a real global alternative to the US dollar . . . .

In the runup to the Chinese New Year (which in 2018 falls on February 16th), the country’s gold imports tend to pick up and this year is . . . .

One of the most notable events in Russia’s precious metals market calendar is the annual “Russian Bullion Market” conference. Formerly known as the Russian Bullion Awards . . . .

As we reported both here and here, gold is the answer going forward. How we the people will access physical gold or if we will be able to access physical gold is really the only remaining question . . . .

Russia’s Far East Development Fund and China’s state-owned gold mining company, China National Gold Group, are to sign an accord by the end of this year on setting up a joint US$1 billion investment fund targeting new projects in the metals and mining sector . . . .

Perhaps the biggest unknown in assessing global gold consumption in this, or any, year is the true level of Chinese gold consumption . . . .