Chinese gold imports hit two-year high in June amid price drop
Crypto Briefing 2026-07-24 04:49:42
Context: Chinese gold imports reached a two-year high in June, with a significant increase in the amount of gold imported. This surge in imports comes as the price of gold has dropped. The increase in imports was substantial, with a total of 173 tonnes of gold imported during the month.
Key Facts
- Chinese gold imports reached a total of 173 tonnes in June, marking the highest level in two years.
- The surge in gold imports occurred during a period of declining gold prices.
- One source predicted that the price of gold would reach $10,000 by December, representing a significant increase from its current price.