China’s June gold imports hit fresh two-year high of 173 tonnes as lower prices boost demand - KITCO
Source: KITCO
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DW NOTE
China bought 173 tonnes of gold in June — a two-year high — because the price dropped. Gold is down 23.7% from its January peak of $5,318 per ounce, now trading at $4,058. Beijing isn't making a bet on monetary collapse; it's filling the vault when Western sellers panic.
Oil prices hit the $100 per barrel mark early on Wednesday in Asian trade as the ongoing crisis in the Middle East has diminished hopes of U.S.-Iran talks and a return to normal oil flows soon. As of early morning trade in Europe on Wednesday, the international benchmark, Brent Crude, jumped by 2.2
Bitcoin advanced to as high as $79,700 while Brent crude topped $100 and European shares fell, leaving crypto tracking gold rather than equities.
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