Commodity Trade Mantra

Posts Tagged ‘Financial Operations’

China may have 1,000 tonnes of Gold tied in Financing - WGC

Chinese firms could have locked up as much as 1,000 tonnes of gold in financing deals, indicating a big slice of imports has been used to raise funds due to tight credit, rather than on consumer demand. Gold prices could come under pressure if imports are hit by a broader crackdown on using commodities for finance.

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