Global gold prices rose during the current trading session on Monday, as investors await U.S. inflation data this week for clues on the Federal Reserve's next move. IG Markets strategic analyst, Yip Jun Rong, stated that the resumption of gold purchases by the People's Bank of China (PBOC) in November is "positive news for gold bulls," as it provides additional support for prices. It is noted that the resumption of purchases could boost demand from Chinese investors, which had been weak since the central bank stopped buying gold in May after an 18-month continuous buying streak
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25 Jul 2025
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