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Gold futures bounce on China central financial institution shopping for, extra Center East instability

by Index Investing News
December 10, 2024
in Markets
Reading Time: 1 min read
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Dec. 09, 2024 5:45 PM ETSPDR® Gold Shares ETF (GLD), GDXIAU, SLV, SIL, SGOL, SIVR, GDXJ, PHYS, PSLV, NUGT, RING, OUNZ, SILJ, BAR, GLDM, AAAU, XAGUSD:CUR, XAUUSD:CURBy: Carl Surran, SA Information Editor

monsitj/iStock by way of Getty Photos

Gold futures rallied Monday as China’s central financial institution resumed purchases of bullion in November after a six-month hiatus, which can shore up Chinese language investor demand.

The Folks’s Financial institution of China stated it purchased 160K positive troy ounces final month, its first addition



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Tags: BankBuyingcentralChinaeastfuturesGoldinstabilityJumpMiddle
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