Gold Price Breaks $4300! Asia's Largest Gold ETF Sees 16-Day Net Inflows of $6 Billion, 'Urban Mine' Becomes New Supply Variable
Abstract On August 6, international gold prices broke through $4300/ounce in one go, with Asia's largest gold ETF—Gold ETF Hua'an seeing net capital inflows for 16 consecutive days, cumulatively absorbing over 6 billion yuan, causing the precious metals sector to boil. South Korea's central bank made its first gold purchase in 13 years, and global central banks net purchased 345 tons of gold in the first half, with official buying and Asian investment demand both taking the baton. This article analyzes t
On August 6, international gold prices broke through $4300/ounce in one go, with Asia's largest gold ETF—Gold ETF Hua'an seeing net capital inflows for 16 consecutive days, cumulatively absorbing over 6 billion yuan, causing the precious metals sector to boil. South Korea's central bank made its first gold purchase in 13 years, and global central banks net purchased 345 tons of gold in the first half, with official buying and Asian investment demand both taking the baton. This article analyzes t
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