Chinese gold producers have embarked on a wave of overseas acquisitions in recent years, snapping up mines in countries ranging from Kenya to Colombia. Now, they are reaping the rewards as sky-high gold prices lift their earnings. Prices for the precious metal soared to record highs last year and remain highly elevated despite a recent sell-off, as central banks and investors seek a safe haven amid a turbulent global outlook. Analysts have said prices could reach US$4,500 per ounce by the end of...
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Business
July 17, 2026 at 8:00 AM
How China’s resources deals have literally turned into a gold mine
SCMP Business