
China’s Critical Decision on Gold
A pivotal decision concerning gold has been made in China, a country that holds a substantial portion of the global gold market. The Chinese Ministry of Finance announced the cancellation of incentives applied to gold sales within the country, effective from November 1st. Consequently, it is anticipated that prices will rise rapidly due to the absence of incentives for all gold bought and sold on the Shanghai Gold Exchange. However, it is suggested that the demand in China may decrease due to the more expensive gold, which could potentially trigger a wave of decline.
 















