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China's precious metals frenzy sparks protest as risks grow
A more accurate headline might be: "Chinese investors angry that they can't get their money and more metal."
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By Yihui Xie
Bloomberg News
via Yahoo News, Sunnyvale, California
Wednesday, January 28, 2026
Chinese investors piling into a record-breaking rally in precious metals are becoming increasingly exposed to risk, as speculative demand pushes local prices well above international benchmarks.
Authorities in the southern city of Shenzhen set up a special task force to oversee the operations of a gold-trading platform, according to a statement from the Luohu district government, after investors faced difficulties withdrawing funds from their accounts. Meanwhile China's only pure-play silver fund halted trading briefly and turned away new investors.
... Dispatch continues below ...
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The backdrop to the drama is a breakneck rally in global prices. Gold surged to a record above $5,300 an ounce today and has gained more than a fifth this year, fueled by U.S. dollar weakness and investor flight from sovereign currencies and bonds. Silver's rise has been even more dramatic -- around 60% in just four weeks -- and its daily moves more chaotic. ...
... For the remainder of the report:
https://finance.yahoo.com/news/chinese-silver-fund-halts-trading-021541976.html
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