China Gold Association responds to U.S. sanctions and LBMA suspension of Xinjiang-related gold enterprises
- The China Gold Association issued a statement on August 19 in response to U.S. sanctions and the London Bullion Market Association's suspension of Good Delivery status for some Chinese gold enterprises.
- The association said the U.S. allegations of "forced labor" under the Uyghur Forced Labor Prevention Act lack factual basis and politicize human rights issues.
- It said the LBMA acted on false information without sufficient fact-checking, and that the suspension harmed the legitimate rights and interests of Chinese gold companies.
- The association said China's gold industry chain can withstand external risks and will strengthen compliance self-discipline and traceability system building.
- It also said it supports the Chinese government in taking necessary countermeasures and urged the U.S. to withdraw the sanctions and the LBMA to correct its decision.
The China Gold Association issued a statement on August 19 addressing the U.S. move to place some domestic gold enterprises on the Entity List under the Uyghur Forced Labor Prevention Act and the London Bullion Market Association's subsequent suspension of their Good Delivery status.
The association said the U.S. allegations of forced labor have no factual basis and amount to politicization of human rights issues. It also said the LBMA relied on false information without sufficient verification.
According to the statement, the suspension damaged the legitimate interests of Chinese gold enterprises and disrupted stability in the global gold market. The association said China's gold industry chain has the capacity to cope with external risks and will continue strengthening compliance and traceability.
From a market perspective, the development may be negative for sentiment in the gold market and related Chinese gold stocks, while the broader impact on other markets appears limited based on the information provided.
中国黄金协会回应美国制裁及LBMA暂停涉疆黄金企业认证
中国黄金协会于8月19日就美国依据《防止维吾尔族强迫劳动法》将部分国内黄金企业列入实体清单，以及伦敦金银市场协会随后暂停相关企业Good Delivery资质一事发表声明。
协会称，美国关于“强迫劳动”的指控缺乏事实依据，是对人权问题的政治化；同时认为LBMA在事实核查不足的情况下采信了不实信息。
声明表示，相关暂停决定损害了中国黄金企业的合法权益，并影响全球黄金市场稳定。协会还称，中国黄金产业链有能力抵御外部风险，后续将继续加强合规自律和追溯体系建设。
从市场影响看，这一事件可能对黄金市场情绪以及相关黄金股形成偏空影响；就已披露信息而言，对其他市场的直接影响相对有限。