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China Starts Hoarding Gold Again, What Happens Next To Price?

The global gold market is experiencing a seismic shift, driven by a surge in demand from Asia, particularly from China. The Chinese Central Bank has started buying gold again, which is fundamentally altering the gold market. This increased demand from Asia, coupled with growing concerns about de-globalization and the declining dominance of the US dollar, is driving investors worldwide to seek safe havens. West Red Lake Gold Mines is set to commence gold production in the middle of this year and recently released their pre-feasibility study for the Madson mine. The upcoming release of bulk sample results will validate the company's production forecasts and further solidify investor confidence in West Red Lake Gold Mines' growth trajectory.

Original article source: https://www.jpost.com/business-and-innovation/precious-metals/article-837087
Source Id: 8500271816

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