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According to the Chinese Gold Association, the total gold production in China in the first 9 months of this year decreased by 0.57% and amounted to 372 tons 827 kilograms, which was caused by more stringent environmental requirements for gold miners, many of which under their pressure closed down or reduced its production. During this period, 289 tons of 745 kilograms of gold were produced from domestic raw materials. The decline was 7.46%. 83 tons of 82 kilograms of gold were produced from imported raw materials, which is 34.24% higher than in the previous period. For the period from January to September, consumption in China amounted to 849 tons 700 kilograms. Growth was at the level of 5.08%. Jewelers increased demand by 6.94%, industrial and other consumers - by 24.68%. The demand for the manufacture of coins increased by 6.47%. At the same time, the demand for investment bars fell by 5.05%.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
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