China’s central bank didn’t buy any gold last month, ending a massive buying spree that ran for 18 months and helped push the precious metal to a record high in May.
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Gold Falls Nearly 3% Following China’s Central Bank Failing To Add To Reserves In May
China’s central bank has stopped its buying spree of gold. The People’s Bank of China has indicated that its bullion …
Gold prices dip as China central bank holds off buying
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.
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 …
China more important than IMF? Why Pak PM postponed Budget to visit Beijing
Pakistan’s government reportedly postponed the announcement of its Budget in order to schedule Pakistani Prime Minister Shehbaz Sharif’s five-day visit to China starting June 4, with the ostensible …
A free trade pact could see strongest economic ties yet for China, Japan and South Korea. Can they make it happen?
Talk of a free trade pact among Japan, South Korea and China resurfaced at their recent summit. Analysts say pragmatism must prevail over ideology to close the deal.
ICBC: China’s Banking Leader on the Global Stage
The Industrial and Commercial Bank of China, or ICBC (HK:1398) (IDCBF) was founded in 1984 during a period of significant economic reforms in …
Poly Property’s sales slump as Beijing’s market rescue package produces mixed results
The Chinese state-backed developer saw sales fall by almost a fifth in May, adding to a mixed picture of the impact of Beijing’s historic measures to rescue its crisis-hit real estate segment.
The strange tale of a $457 million deposit, 100 million masks from China, and one tiny bank
A US bank regulator has been asked to look into a 2020 wire transfer that has roped the Republican party’s favorite lender and JPMorgan into a long-running dispute.
China’s Unprecedented Dump of $53 Billion in US Treasuries Rattles US Economy
China’s decision to cut ties with a record number of US treasuries and agency debt bonds, totaling $53.3 billion, is a bold move that underscores the escalating tensions between the world’s two …