Articles related to China Gold Association
Ronan Manly - Bullion Star
  Neck and Neck: Russian and Chinese Official Gold Reserves 
Official gold reserve updates from the Russian and Chinese central banks are probably one of the more closely watched metrics in the gold world. After the US, Germany, Italy and France, the sovereign gold holdings of China and Russia are the world’s 5th and 6th largest. And with the gold reserves ‘official figures’ of the US, Germany, Italy and France being essentially static, the only numbers worth watching are those of China and Russia. The Russian Federation’s central bank, the Bank of Russia
Tuesday, October 17, 2017
Chris Powell - GATA
China says its in-ground gold reserves stand at 12,100 tonnes
SHANGHAI -- China's proven gold reserves reached 12,100 tonnes at the end of 2016, the state news agency Xinhua reported today, quoting an official with the national gold association. China has been the world's biggest gold producer for 10 years and the largest consumer of the metal for four years, it said. China aims to increase its annual gold output to 500 tonnes by 2020 from around 450 tonnes currently, it said. Last year 70,000 tonnes of gold were traded in China on spot exchanges, futures
Wednesday, October 4, 2017
Jeff Clark - GoldSilver
You Are Being Lied To About “Low” Gold Demand 
I don’t like to use inflammatory language, such as the title of this article, but the message from the mainstream media about gold demand is a lie misleading.Yes, coin purchases in North America are down compared to last year (a record-setting year, by the way). It’s been soft at a few other Mints as well, such as Perth.But Eagle and Kangaroo purchases aren’t the whole market. You and I don’t buy paper gold products, for example, but throw in demand from this part of the industry and a very diff
Thursday, August 17, 2017
Bullion Vault
China Gold Demand +10 But India 'Offers Little Support' as Price Slips vs Weaker-Still Dollar
GOLD PRICES slipped $5 per ounce from last Friday's 8-week closing highs against the Dollar in Asian and London trade on Wednesday before new data said the US economy added fewer jobs than expected in July. With the Dollar gold price bouncing from $1265, non-US currency prices fell harder however, touching 1-week lows for UK investors and hitting near 2-week lows against the Euro as the Dollar extended its slide to new 15-month lows versus the w
Wednesday, August 2, 2017
Koos Jansen - Bullion Star
Estimated Chinese Gold Reserves Surpass 20,000t
My best estimate as of June 2017 with respect to total above ground gold reserves within the Chinese domestic market is 20,193 tonnes. The majority of these reserves are held by the citizenry, an estimated 16,193 tonnes; the residual 4,000 tonnes, which is a speculative yet conservative estimate, is held by the Chinese central bank the People’s Bank of China. I’m aware I’ve been absent from writing about the Chinese gold market for a long time, so for some of you it can be burdensome to pick up
Tuesday, August 1, 2017
Chris Powell - GATA
China's first-half gold output falls while purchases rise
BEIJING -- China's gold output fell by 9.85 percent from a year ago to 206.542 tonnes in the first half of 2017, state media said Friday, citing data from the China Gold Association. The country's consumption, however, was up by 9.89 per cent to 545.23 tonnes over the same period, said the People's Daily, leading to higher imports by the world's top gold consumer as indicated by data out of Hong Kong on Thursday. China's gold mineral output stood at 178.46 tonnes in the first half, while gold ex
Saturday, July 29, 2017
Bullion Vault
Gold Bullion Leaves GLD Again But 'Likely to Test' 2011 Downtrend as Dollar Falls
GOLD BULLION fell against all major currencies bar the US Dollar in London on Tuesday, losing 1% from yesterday's 3-week high in Euro terms as Western stock markets rose with major government bond yields. Ten-year US Treasury yields touched 1-week highs at 2.29% as bond prices fell ahead of tomorrow's US Federal Reserve decision on monetary policy – widely expected to leave rates and QE holdings unchanged.
Tuesday, July 25, 2017
Julian D. W. Phillips - Gold Forecaster
Gold and Silver Market Morning: June 6 2017 - Gold poised to attack $1,300!
Gold Today–New York closed at $1,279.60 yesterday after closing at$1,278.20 Friday.London opened at $1,289.50 today.Overall the dollar was weaker against global currencies, early today. Before London’s opening: -The $: € was slightly stronger at $1.1246 after yesterday’s$1.1264: €1.-The Dollar index was slightly weaker at 96.73 after yesterday’s 96.77.-The Yen was stronger at 109.52 after yesterday’s 110.51:$1. -The Yuan was stronger at 6.7954after yesterday’s 6.8036: $1. -The Pound Sterling was
Tuesday, June 6, 2017
The Daily Market Report: Gold Jumps By More Than 1 Ahead of Holiday Weekend
USAGOLD/Peter Grant/05-26-17 Gold surged to pressure the four-week high 1270.38, buoyed by ongoing political and geopolitical concerns. These gains further improve the near-term technical picture and may be prompting short covering ahead of the long holiday weekend. Geopolitical tensions ratcheted higher after President Trump pledged to solve the “Big problem” that is North Korea. NBC news is reporting that Jared Kushner, the president’s son-in-law and a senior advisers, has “come under FBI scru
Friday, May 26, 2017
Bullion Vault
  Gold Bullion Hits 2-Month Low, Silver Below Pre-Brexit Price in Euros, Sterling But SLV ETF Solid
GOLD BULLION set a new 2-month low against the US Dollar on Tuesday, falling to $1224 per ounce as European stock markets rose and bond yields ticked higher following the weekend's election of centrist ex-investment banker Emmanuel Macron as President of France. Silver fell harder, dropping to its lowest since the opening day of 2017 at $16.16 per ounce and dropping 13% from mid-April's 5-month high.
Tuesday, May 9, 2017 -
Explaining The Sudden Drop In China’s Gold Production?
I wrote a few weeks ago about the lack of knowledge around China’s gold mining sector. But this past week, a new report from within the country provided a rare glimpse into China’s gold production. Showing some unusual patterns in output and consumption — that could have major implications for the global gold market. That report was released Friday from the China Gold Association, as reported by Platts. Detailing gold mining output, demand and imports for the first quarter of 2017. Here’s the mo
Wednesday, May 3, 2017
Bullion Vault
April Sees Gold's Highest Month Average Since Oct, Silver's Best Since Sept. as India's Festival Buying Jumps
BUY GOLD prices in London's wholesale market held steady against a falling US Dollar on Friday, heading for a 1.3% weekly drop but rising 1.4% across the month of April at $1267 per ounce., the price to buy gold rose 1.4%, Ahead of the US open, that beat the S&P500 stock index's 1.1% gain from the end of March. Crude oil traded flat around $50 per barrel. Silver prices held almost 5% lower, fixi
Friday, April 28, 2017
China’s gold consumption up in Q1
Xinhua/An/04-27-17 China’s actual gold consumption rose 14.73 percent to 304.14 tonnes in the first quarter of 2017 due to steady gold ornament sales and strong sales of gold bars, new data showed Thursday. Thanks to strong demand around Chinese New Year, gold ornament sales rose 1.4 percent to 170.93 tonnes and gold bar sales surged 60.18 percent to 101.19 tonnes, the China Gold Association said. The surge in gold bar sales came on the back of more people using them to hedge against risk as the
Friday, April 28, 2017
Koos Jansen - Bullion Star
China Net Imported 1,300t Of Gold In 2016
For 2016 international merchandise trade statistics point out China has net imported roughly 1,300 tonnes of gold, down 17 % from 2015. The importance of measuring gold imports into the Chinese domestic gold market – which are prohibited from being exported – is to come to the best understanding on the division of above ground reserves in and outside the Chinese domestic market. Kindly be advised to have read my posts the Mechanics Of The Chinese Domestic Gold Market. If segments in this post ar
Wednesday, February 15, 2017
Bullion Vault
Gold Bars' Demand in China Jumps as Yuan Falls, No.1 Miner for 10th Year
GOLD BARS traded in London's wholesale market dropped near $1200 per ounce on Wednesday, retreating 1.5% from Monday's new 9-week highs even as the US Dollar fell hard on the forex market while world equity indexes rose sharply. Hitting new 10-week lows against the Chinese Yuan, the Dollar held firm versus the Euro but hit fresh 1-month lows against the "commodity currencies" of New Zealand and Australia. The British Pound rose to its highest level since mid-December at
Wednesday, January 25, 2017
Mark O'Byrne -
China Gold and Precious Metals Summit 2016 – GoldCore Presentation
The China Gold and Precious Metals Summit 2016, the 11th Summit convened by the China Gold Association and the Shanghai Gold Exchange took place on December 7th and 8th and GoldCore presented at  the event and moderated an expert panel discussion. China Gold and Precious Metals Summit 2016 – Panel Discussion with Stephen Flood China’s leading gold conference was attended by over 250 gold industry professionals from across the value chain including mining companies, refiners & fabricators, bullio
Wednesday, December 21, 2016
Ronan Manly - Bullion Star
  IMF Gold Sales – Where ‘Transparency’ means ‘Secrecy’
Welcome to the twilight zone of IMF gold sales, where transparency really means secrecy, where on-market is off-market, and where IMF gold sales documents remain indefinitely “classified” and out of public view due to the “sensitivity of the subject matter”. Off and On Market Between October 2009 and December 2010, the International Monetary Fund (IMF) claims to have sold a total of 403.3 tonnes of gold at market prices using a combination of ‘off-market’ sales and ‘on-market’ sales. ‘Off-market
Monday, September 5, 2016
Koos Jansen - Bullion Star
Song Xin: Increase Gold Reserves And Join SDR.
The Chairman of the China Gold Association and General Manager and Party Committee Secretary of China National Gold Group Corporation, the latter being China’s largest gold mining enterprise, is Song Xin and happens to be one of my favorite commentators in China. This gentleman made waves in July 2014 when he candidly wrote on Sina Finance that the People’ Bank Of China (PBOC) should slowly raise its official gold reserves to 8,500 tonnes, more than what the US Treasury claims to hold. The artic
Tuesday, August 23, 2016
Bullion Vault
Gold Bullion Jumps Before Fed Rate Decision on 4 Plunge in US Durable Goods Orders, But Top ETF Shrinks Again
GOLD BULLION rose in a tight trading range Wednesday in London, regaining last week's close of $1325 per ounce after new US data – released before today's July interest-rate decision from the Federal Reserve – showed orders for fridges, washing machines and other durable goods sinking 4% in June, the worst drop in almost two years. Major government debt yields fell as stockmarkets rose with bond prices and the Yen retreated from Tu
Wednesday, July 27, 2016
Chris Powell - GATA
China eases gold trade rules in 6 cities China will relax rules for cross-border trading of gold in six cities as the world's biggest gold consumer and producer hopes this move will increase bullion imports. Gold companies will be able to clear customs up to 12 times with just one permit after the rules are eased, a joint statement by the People's Bank of China and the General Administration of Customs said yesterday. The current rules force the companies to ap
Tuesday, May 10, 2016