Since hitting a record high on January 28, gold prices have dropped by nearly a quarter. However, China acquired $5.7 billion worth of gold in the first half of 2026, with purchases heavily concentrated in the second quarter. Michael Schaus, an analyst at U.S. boutique research firm Zweig-DiMenna, stated that the People's Bank of China resuming gold purchases is an extremely positive signal, potentially stabilizing gold prices. The question remains: how high could prices rebound? Full report available to VVIP members. Join the 'Hot Talk! Wall Street' LINE community to discuss global economic trends and investment markets with industry elites (password: WSJWSJ).

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  • Source: PR Times
  • Category: News
  • Organizations: Zweig-DiMenna