Goldhub blog: Posts from October 2021

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Ray Jia
Senior Analyst, China
World Gold Council

China’s gold market in September: higher gold demand, higher local gold price spread

Gold prices fell in September. The LBMA Gold Price AM in USD and the Shanghai Gold Benchmark Price (PM) in CNY declined by 4.6% and 4.3% respectively last month. The rising interest rate, outflows from global gold ETFs, and a stronger dollar all contributed to gold price weaknesses in September.