China Gold Association: China’s gold industry chain is complete and has sufficient resilience to withstand external risks

The China Gold Association issued a stern statement, noting that recently, the US Department of Homeland Security placed certain domestic gold companies on the so-called "Uyghur Forced Labor Prevention Act" (UFLPA) entity list, prohibiting goods produced by these companies from entering the United States. Based on this, the London Bullion Market Association (LBMA) suspended the relevant companies' Good Delivery accreditation. The association stated that these measures lack factual basis, violate market principles, and disrupt the stability of the global gold industry chain. The China Gold Association firmly opposes these actions. China's gold industry chain is complete and has sufficient resilience to withstand external risks. The association urges the US to stop imposing sanctions and suppression based on false information and calls on the LBMA to uphold a neutral, professional stance, respect objective facts, and correct inappropriate decisions. The global gold industry should adhere to mutual benefit and jointly maintain a fair and orderly international gold market order. (Securities Times)