China Gold Association said the U.S. Department of Homeland Security recently
added several Chinese gold firms to a UFLPA entity list, barring their products
from entering the U.S., and the LBMA has suspended the affected firms'
good-delivery eligibility. The association said the measures lack factual basis,
breach market principles and disrupt the stability of the global gold supply
chain, and it strongly opposes them. It said China's gold industry chain is
complete and has sufficient resilience to withstand external risks, urged the
U.S. to cease sanctions based on false information, and called on the LBMA to
adopt a neutral, professional stance, respect the facts and reverse the
decision. The association urged the global gold industry to defend a fair and
orderly international market.
