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    • Ray Jia

    Ray joined the World Gold Council in early 2019, and works within the Research team as the Head of Research (Asia Pacific, ex-India) and Deputy Head of Trade Engagement (China). He previously held position with China Industrial Futures Ltd, focusing on the market analysis for major commodities classes and international macros for both individual and institutional investors.

    Ray has a Bachelor’s degree in Corporate Finance from the Adelaide University in Australia, and a Master's degree of Investment from Pace University in the US.

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    Ray Jia

    Head of Research (Asia Pacific, ex-India) and Deputy Head of Trade Engagement (China) World Gold Council

    Shanghai Gold Benchmark price hit record high in June

    Summary

    • Shanghai Gold Benchmark price hit 319.2 yuan/gram – highest level since its introduction in April 2016
    • Au(T+D)’s trading volume in June reached second highest level on record – 2,062t
    • The local gold premium rose sharply 
    • Imports continued to slide in May, dropping to 69t
    • Gold withdrawals from Shanghai Gold Exchange (SGE) fell again last month 
    • PBOC added a further 10t to its reserves in June
     Blog Posted 6 years 6 months ago