China offers additional quotas for gold imports for banks

16:53 - 14.04.2025


April 14, Fineko/abc.az. China suggests for banks the additional quotas for gold imports due to the influx of investors, ABC.AZ reports, referring to Bloomberg.

According to agency sources, the People's Bank of China has already allocated new quotas for gold imports for some commercial banks. This is how Beijing is responding to the high demand for safe haven assets from institutional and retail investors amid the escalating trade war with the U.S.