Ray Jia

In historical periods of economic contraction and low rates, gold has generated relatively attractive returns compared to stocks and bonds, and improved risk-adjusted returns for Australian investors.

Explore China's gold market in February. Topics discussed including gold prices, Chinese New Year retail consumption, trading volumes, gold ETFs and more.

China’s retail consumption during the 2021 Chinese New Year (CNY) holiday surged as migrants in major cities were encouraged to “stay put” for the festival to strengthen the COVID-19 containment.

Explore China's gold market in January - gold prices, China's economy, central bank gold demand and more.

Explore China's gold market in November - gold prices, China's economic signals, gold demand and more

Gold prices saw marginal declines in October. Even though the US presidential election and a significant rebound in COVID-19 infection cases in many regions kept uncertainty elevated globally, climbing real interest rates in key markets such as the US and China weighed on local gold prices. As a result, the SHAUPM (RMB) and LBMA Gold Price AM (USD) fell by 1.8% and 0.4% respectively in the month. 

Explore China's gold market in September - gold prices, China's economic signals, gold demand and more.

Explore China's gold market in August - gold prices, China's economic signals, gold demand and more.

Explore China's gold market in July - gold prices, trends in ETFs, China's economic revival, gold demand and more

We explore the drivers behind the changes in banks’ main retail gold businesses, with a more detailed analysis to follow in the near future.

Discover more on China's gold market in June - gold prices, trends in ETFs, China's economic revival, gold demand and more.

Gold demand in China, in particular, investment demand, has benefited from rising concerns for the economy as well as the lowered opportunity cost amid the COVID-19 outbreak and the central bank’s response to it. But with signs of a potential economic recovery emerging, can we expect gold’s attractiveness as a safe haven in China to fade? We believe that the answer is ‘No’.

Ray Jia discusses gold prices, China's economy, gold demand and central bank gold reserves in this update on China's gold market in May.

Economic uncertainty and lowered opportunity cost of holding gold lifted gold prices in April.

In March, the SHAUPM rose by 1.4% while LBMA Gold Price AM fell slightly as the RMB weakened relative to the USD. Although new COVID-19 infections in China remained near zero in March, concerns for the pandemic’s aftermath on the domestic economy linger.