China's H1 Gold Output Falls 14.6%, Consumption Rises
China's H1 gold production fell 14.62% while consumption rose 1.23%, driven by mine safety inspections and a shift toward investment-grade gold.
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China's H1 gold production fell 14.62% while consumption rose 1.23%, driven by mine safety inspections and a shift toward investment-grade gold.
As gold prices fall over 28% from peak, Laopu Gold's premium pricing model faces its biggest test, with Q2 revenue down 76-87% and stock plunging 70%.
Global central banks bought a record 289 tonnes of gold in Q2 2026, up 62% year-over-year, signaling a structural shift away from dollar reserves.
Gold has fallen nearly 30% from its all-time high, sparking debate over whether the bull market is ending or just pausing. Analysis of drivers and outlook.
China's six largest banks raise gold margin requirements to 120% amid extreme price volatility, signaling a systemic shift in risk management.
Gold prices plunged below $4,300/oz, returning to end-2025 levels, as strong US jobs data and global tightening expectations outweigh geopolitical risks.
China's forex reserves rose to $3.442 trillion in May, while the central bank added gold for a 19th consecutive month at an accelerating pace.
ECB reports gold has overtaken US Treasuries as the largest global official reserve asset, marking a historic shift in central bank reserves.
Gold prices fell 20% from highs, prompting Chinese banks to offer fee waivers, extended trading hours, and promotions for gold accumulation products.