Ray Jia

After five consecutive monthly inflows, collective holdings in Chinese gold ETFs reached 74t (US$4bn, RMB27bn) at the end of October, the highest AUM on record in tonnage terms. We cover this and more in our monthly blog on China's gold market. 

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.

China’s economy is facing challenges. Gold, with its unique relationship with the Chinese stock market and the independence from China’s economy, could be an effective tool for investors.

Explore China's gold market in August. We cover the Shanghai Gold Benchmark Price PM, wholesale physical gold demand, gold ETF inflows, impacts of the rise in COVID-19 cases and more.

Explore China's gold market in July - gold price, consumer demand, outlook and more!

While the possible outcomes of the three-child policy and various supporting measures remain uncertain, we believe there is a link between birth rates and gold consumption, and the details are worth analysing.

International gold prices fell steeply in June. The weakness in the gold price can be largely attributed to the more-hawkish-than-expected monetary-tightening signals from the US Federal Reserve’s meeting on 18 June.  But the decline in the RMB gold price was narrower than that of the USD gold price, thanks to a 1.6% depreciation in the CNY against the dollar last month. 

The Shanghai-London gold price spread again turned negative in June after being positive since early 2021, falling to -US$6.7/oz on 2 June and remaining negative most days during the month.

Explore China's gold market in May - gold price, consumer demand, outlook and more!

Explore China's gold market in April - gold price, investment demand, gold imports, retail gold consumption and more

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

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.