# bullion
Latest news and articles about bullion
Total: 2 articles found
Middle East Escalation Sends Gold Spiking; Chinese Jewelers Hike Prices by Over ¥20/gram Overnight
A sudden escalation in the Middle East on March 2 triggered a sharp safe‑haven bid for gold, with futures briefly reported above $5,400 an ounce and London spot near $5,393. The international surge prompted major Chinese jewelers to raise pure-gold prices by more than ¥20 per gram overnight, feeding through immediately to consumers and markets.
Panic and Purchase: Shenzhen’s Bullion Benches Run Dry as Gold Prices Swing Wildly
A historic, short-lived collapse in global gold prices left Shenzhen’s Shuibei bullion market short of physical bars as holiday-driven retail demand surged and upstream suppliers hoarded inventory to avoid realising losses. Analysts say the shock was triggered by a sudden reassessment of U.S. monetary policy risk and was amplified by crowded long positions, but medium-term drivers for gold — central-bank buying and geopolitical uncertainty — remain intact.