7th May 2025

China, Poland, and the Czech Republic increase gold reserves in april despite record-high prices

China’s gold reserves continued to grow, marking the sixth consecutive month of purchases in April. Since the beginning of the year, the country has accumulated 15 tonnes of gold. Purchases have also increased in Poland, with 61 tonnes added so far in 2024, and in the Czech Republic, which added 2.5 tonnes in april alone. The Czech National Bank has been steadily increasing its reserves for 26 consecutive months, during which it has accumulated a total of 47 tonnes of the precious metal.Source: Kitco News

6th May 2025

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

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