6th May 2025

China Aims to Strengthen Control Over Commodity Prices: Gold Rises Again

Gold futures continued to rise in early U.S. trading today. Demand for safe-haven assets is increasing, particularly from China. According to Bloomberg, the Shanghai Gold Exchange plans to expand its network of vaults in Hong Kong. The goal? To promote yuan-denominated gold pricing benchmarks, allowing Beijing greater control over the pricing of raw materials. June gold rose by $59.10, reaching $3,381.40 per ounce.Source: Kitco News

3th May 2025

Rise in demand for safe-haven assets: gold price sharply up

Futures prices are sharply rising in the first U.S. trading today. Demand for safe-haven assets is increasing, particularly from Chinese investors. The rise is also supported by a weak start to the week for the U.S. dollar. June gold has reached $3,324.60 per ounce; silver is also up, reaching $32.37 per ounce.Source: Kitco News

2nd May 2025

Chinese Market Closes and Gold Drops to Two-Week Lows

Gold prices edged lower in today’s trading, due to easing trade tensions and the closure of its largest buyer, China, for the holidays. Following Trump’s trade threats, the Dragon’s appetite for gold had grown significantly; therefore, China’s absence from the safe-haven market is having a decisive impact on prices.
Source: BullionVault