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Additionally, investors have embraced gold-backed ETFs and similar products to get exposure to gold. Gold-backed ETFs have amassed more than 2,400 tonnes (t) of gold worth US 100 billion (bn) since they were first launched in 2003. 6 And since 2010 central banks have been net buyers of gold .

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2017328&ensp·&enspZhongyuan Gold Smelter Co Ltd, the largest gold refiner and bar manufacturer in China, is loed in Henan Province at Sanmenxia City, about 1,000 km south west of Beijing. The refinery, part of China National Gold Group Corporation (CNGGC), is a subsidiary of China Gold Co Ltd(Zhongjin Gold Co Ltd), which is headquartered in the Dongcheng district of Beijing.

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Russia has been buying large amounts of gold as it continues to sell US Treasury bonds, recently overtaking China in Gold reserves with 80.5 billion worth, according to Russia's central bank.

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China's Gold-Buying Spree Nears 100 Tons as Trade War .

Sep 09, 2019 · China has added almost 100 tons of gold to its reserves since it resumed buying in December, with the consistent run of accumulation coming .

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Hong Kong OKs 5 billion bailout for Cathay Pacific .

13 hours ago · Air China, China's state-owned flag carrier has a 30% stake and Qatar Airways holds 10%. All three are committed to subscribing to an 11.7 billion Hong Kong dollar ( 1.5 billion) rights .

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Gold prices: Gold gains on US-China worries; set for a .

2 days ago · Gold prices inched up on Friday, after falling more-than 1% in the previous session, as rising concerns over US-China relations weighed on risk appetite, although the metal still looked to be headed for a weekly loss. FUNDAMENTALS Spot gold climbed 0.1% to 1,727.43 per ounce by 0029 GMT, but was down about 0.8% for the week so far.US gold .

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China is the world's largest gold consumer and producer, but only a few Chinese companies, such as Zijin Mining Group Co. 601899, -2.73%, have ventured abroad to buy mines, unlike their .

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