Chinese gold imports hit highest level in nearly a decade
China imported more than 1,100 tonnes of gold in the first eight months of 2026, the highest level since at least 2017. Strong investment demand and a robust yuan drove the surge.
Gold Market
Original summaries of the reporting that moves the gold price, with every source linked.
China imported more than 1,100 tonnes of gold in the first eight months of 2026, the highest level since at least 2017. Strong investment demand and a robust yuan drove the surge.
Sego Resources has completed a 3D IP survey at its Miner Mountain project in British Columbia, identifying deep chargeability anomalies beneath the Cuba and South Gold zones ahead of a planned fall-winter drilling programme.
Kinross Gold has reduced its 2026-2027 production forecast by about 8% after weather and metallurgical issues in Chile and slower mining in Nevada. The miner raised its shareholder return target partly offsetting the news.
India's market regulator has extended its vault manager framework beyond electronic gold receipts to ETFs and derivatives, and raised the net-worth threshold to Rs 75 crore.
Gold fell to a one-week low on Thursday as a stronger US dollar and rising bond yields reduced the metal’s appeal. Higher oil prices added to the headwinds.
NSE MD & CEO Ashishkumar Chauhan has detailed the exchange's plans to diversify revenue streams, highlighting the live Electronic Gold Receipts (EGR) product and a pipeline that includes bond index futures and electricity contracts.
October gold futures on the MCX slipped ₹171 to ₹1,51,128 per 10 grams on weak spot demand. Global contracts in New York also eased, down 0.25 per cent to $4,277 an ounce.
Gold fell back from $4,450 and is struggling to break above $4,420. Technical indicators show resistance at $4,360 and a bearish trend line, with support at $4,250.
Gold has been stuck between $4,250 and $4,400 per ounce. The usual negative correlation with Treasury yields has broken down, as US fiscal concerns and central bank buying support the metal.