Gold prices fell nearly 2% on Friday after data showed China’s central bank held off gold purchases in May following 18 consecutive months of buying.
Featured Posts Title
National Fitness Lights Up the “Dual Olympic City”: The 17th Beijing Sports Games Open
China is now the world’s great oil power
China’s central bank vows to expand yuan’s international use in five-year plan
Beijing issues alerts as remnants of Tropical Storm Dolphin approach
Storms from Dolphin soak China’s east, ground nearly 950 Shanghai flights
Typhoon Dolphin soaks China’s east, disrupts life in Shanghai as Beijing braces for torrential rain
Storms from Dolphin soak China’s east, disrupt life in Shanghai
Recent Posts
Gold prices dip as China central bank holds off buying
China’s central bank paused gold purchases in May after 18 months of buying
China’s central bank paused gold purchases to its reserves in May, when spot gold prices hit a record high, after 18 months of consecutive purchases, official data showed on Friday.
Gold suffers a ’double whammy’: strong U.S. jobs growth and pause in China buying
Gold futures were on track to post their lowest finish in about a month on Friday, pressured after stronger -than-expected monthly U.S. jobs data and a report that China’s central bank paused its year …
China’s Middle Class Is Disappearing
A once-optimistic Chinese middle class is struggling, with many now slipping toward poverty – sad for workers, dangerous for the CCP.
Gold Drops as Jobs Data Dash Fed Cut Hopes, China Pauses Buying
Gold fell the most since April as surprise strength in a key US jobs report dashed hopes that the Federal Reserve will be able to start lowering borrowing costs soon.Most Read from BloombergReal …
American Sam’s Club in Shenzhen launches online shopping and delivery for Hong Kong
United States supermarket chain Sam’s Club in Shenzhen launched an online shopping and delivery service for Hongkongers on Friday, firing a salvo at local retailers struggling as residents head over …
China exports grow by 7.6% in May, but concerns over looming US, EU tariffs cast a pall
Exports to the Asean bloc up 22.5 per cent in value, the highest growth rate in over a year. Read more at straitstimes.com.
China says it is willing to upgrade economic corridor with Pakistan and deepen ties with Brazil
China’s leader Xi Jinping has told the visiting Pakistani Prime Minister Shehbaz Sharif that Beijing is willing to work with Islamabad to build an upgraded version of an economic corridor linking thei
China’s Chang’e-6 Captures Historic AI-Enhanced Selfie on the Moon’s Far Side
In a groundbreaking development in space exploration, the Chang’e-6 mission has made headlines not just for its scientific accomplishments but also for the unique way it captured images on the moon’s …
China And Russia Now Dominate The Global Nuclear Trade
Russia’s latest agreement with Uzbekistan to construct a nuclear reactor in the country demonstrates the U.S.’ lack of influence in the nuclear sector …
China’s May exports up 7.6%, beating forecasts despite trade tensions
China’s exports for May beat analyst expectations despite trade tensions, though imports shrank, according to customs data released Friday. Exports jumped 7.6 percent in May from the same time last …
Shenzhen Deepmaterial Technologies Co., Ltd Leads the Industry with Advanced Electronic Potting Compounds, Conformal Coatings, and Epoxy Encapsulants
Shenzhen, China, June 07, 2024 (GLOBE NEWSWIRE) — Shenzhen Deepmaterial Technologies Co., Ltd, a pioneer in the field of electronic protection solutions, announces its latest advancements in …
Pakistani Prime Minister Sharif meets China’s Xi in Beijing ahead of IMF talks
China’s President Xi Jinping met Pakistani Prime Minister Shehbaz Sharif in Beijing on Friday, Chinese state media reported, days before Pakistan presents its annual budget and applies for a new …
ADVERTISEMENT
