Ray Jia

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.

Recent indications suggest that the coronavirus (COVID-19) outbreak in China appears to be virtually contained. Even though there are still new imported infection cases, China’s reported local infections have remained near zero for a significant period.

The coronavirus (COVID-19) outbreak supported demand for gold as a safe-haven asset as stocks and commodities fell sharply. Physical gold demand faltered domestically due to COVID-19 and seasonality factors.

Gold prices rebounded in December, concluding 2019 as the best year for CNY-denominated gold in nine years.

On 25th January 2020, people throughout China will celebrate the start of a new year – the most important festival in the Chinese lunar calendar. This will kick off Year of the Rat and begin another rotation of the twelve zodiac signs. Most people are already in a festive mood, and, as a result, so is China’s gold market.

China’s first exchange-traded gold future’s option was listed on 20th December 2019 on the Shanghai Futures Exchange (SHFE). While gold options already existed in China, these were traded over-the-counter (OTC) on the OTC market platform at the Shanghai Gold Exchange (SGE) and linked to physical gold products.

Co-hosted by China Gold Association, World Gold Council, Shanghai Gold Exchange, Shanghai Futures Exchange and the Shanghai Gold and Jewellery Association, the 2019 Annual Precious Metals Conference was held in Shanghai on 10th and 11th December. Over 400 gold industry leaders and representatives from China and other regions participated. Here are a few key takeaways.