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12/12/2024
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By Willow Tohi
China resumes gold purchases, sparking market rally and shaping global gold dynamics
China Resumes Gold Purchases: The People’s Bank of China (PBOC) restarted gold buying in November after a six-month pause, sparking a surge in gold prices to two-week highs. Catalyst for Price Surge: The resumption of Chinese gold purchases, following an 18-month buying streak, acted as a key driver for the recent price jump, breaking a […]
05/21/2024
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By Ramon Tomey
Gold price spikes to RECORD HIGH following death of Iranian President Raisi in helicopter crash
The price of gold hit a record high during trading on May 20, a day after the death of Iranian President Ebrahim Raisi in a helicopter crash. Spot gold prices rallied to $2,449.89 per ounce (oz) on Monday before paring some gains, with the price surge following a broader rally across metal markets. Other precious […]
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