China issues new gold import quotas after pause

By X-blogger - on August 19, 2024

Several Chinese banks have been given new gold import quotas from the central bank, anticipating revived demand despite record high prices. Spot gold has gained 21% so far this year, having hit successive record highs.

The Gold-Dollar pair exploded 2.0% in the last session. The Ultimate Oscillator is giving a positive signal.
XAU/USD exploded 2.0% in the last session.
The Ultimate Oscillator is currently in the positive zone.
Support: 2414.7841 | Resistance: 2490.9041

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