5 hours ago · Additionally, China is likely to respond with a massive stimulus “bazooka” to combat deflation, which should provide a powerful tailwind for gold, silver, and other commodities. Another potential catalyst for a Chinese gold mania is the People's Bank of China's (PBOC) recent resumption of official gold purchases after a six-month pause.

1 day ago · Gold prices climbed 1% on Wednesday, continuing their record rally as investors sought the safe-haven asset due to concerns about the escalating U.S.-China trade war and its impact on economic growth.

Jan 15, 2025 · Chinese gold ETF holdings reach another record high . Chinese gold ETFs added RMB4.5bn (US$635mn) in December, pushing the total AUM to RMB71bn (US$9.7bn), the highest on record; holdings also reached a record level of 115t, a 7.5t increase during the month. Although the local equity market experienced another monthly gain, the depreciating RMB ...

Jan 28, 2025 · On today’s Big Take Asia podcast, how Chinese consumers helped propel gold to record highs last year, and what lies ahead for the precious metal, seen as a haven investment amid global uncertainty.

May 5, 2024 · China already held considerable sway in gold markets. But the country’s influence has become more pronounced during this latest bull run — a nearly 50 percent increase in the global price since...

Nov 22, 2024 · Gold Up after Giant Discovery in China. China has discovered gold reserves valued at 600 billion yuan – equal to $82.9 billion – in central Hunan province.. As the world’s largest gold producer, China accounts for approximately 10% of global output in 2023, based on data from the World Gold Council.. In the first three quarters of the year, China consumed …

Dec 6, 2024 · China’s total gold demand – which includes gold jewellery consumption, bar and coin investment, gold ETF net demand, technology use and reported central bank purchases – reached 741t during the first three quarters, a 19% y/y decline.

Nov 21, 2024 · China has found gold reserves worth 600 billion yuan ($82.9 billion) in central Hunan province, state outlet Xinhua news said on Thursday.

May 15, 2024 · In April, China’s wholesale gold demand climbed further as strong investment demand canceled off jewellery sector weaknesses. Chinese gold ETFs registered their strongest month on record whilst the local central bank announced gold …

1 day ago · Investors are looking to the U.S. payrolls report on Friday for further clues on the outlook for rates. Bullion is considered an inflation hedge, but higher rates could dampen its appeal as the ...