Weekly Markets Monitor: Tentative easing
Last week saw a mix of central bank actions. The US Fed cut 25bps as expected yet with a less dovish tone while the BOE held rates unchanged and slowed its QT.
Unearthed Podcast
World Gold CouncilUnearthed: Digging deep into China’s new economic stimulus package ft. Professor Hao Zhou
In this episode of Unearthed, co-hosts Joe Cavatoni and John Reade, Senior Market Strategists for the World Gold Council, are joined by Professor Hao Zhou from Tsinghua University to dive into the shifting dynamics of China’s economy and its impact on the global gold market.
Ray Jia
Head of Research (Asia Pacific, ex-India) and Deputy Head of Trade Engagement (China) World Gold CouncilChina’s gold market in February: wholesale physical gold demand seasonally lower
Due to fewer working days in the month and manufacturers’ active replenishing ahead of the Chinese New Year (CNY) holiday, gold withdrawals from the Shanghai Gold Exchange (SGE) in February fell m-o-m.
Ray Jia
Head of Research (Asia Pacific, ex-India) and Deputy Head of Trade Engagement (China) World Gold CouncilChina’s gold market in January: gold consumption boomed during the holiday season
China’s gold consumption boomed during the CNY holiday. A lower local gold price and freed-up travel budgets – due to COVID outbreaks in different regions – might have spurred consumer interest in gold products, especially Heritage gold jewellery and tiger-themed items.
Ray Jia
Head of Research (Asia Pacific, ex-India) and Deputy Head of Trade Engagement (China) World Gold CouncilChina’s easing monetary policy paints a positive picture for 2022’s retail gold investment demand
The Chinese central bank has intensified its easing monetary policy efforts to accommodate the nation’s slowing economic growth.
Ray Jia
Head of Research (Asia Pacific, ex-India) and Deputy Head of Trade Engagement (China) World Gold CouncilGold’s strategic role could shine as Chinese economic pressure intensifies
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.
Ray Jia
Head of Research (Asia Pacific, ex-India) and Deputy Head of Trade Engagement (China) World Gold CouncilThe three-child policy and its implications for China’s gold consumption
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.
Ray Jia
Head of Research (Asia Pacific, ex-India) and Deputy Head of Trade Engagement (China) World Gold CouncilChina’s gold market in March: Chinese gold ETF holdings reached a record high
Explore China's gold market in March. Topics discussed including gold prices, Chinese New Year retail consumption, trading volumes, gold ETFs and more.Ray Jia
Head of Research (Asia Pacific, ex-India) and Deputy Head of Trade Engagement (China) World Gold CouncilChinese gold consumption booms during the 2021 Chinese New Year holiday
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.Ray Jia
Head of Research (Asia Pacific, ex-India) and Deputy Head of Trade Engagement (China) World Gold CouncilChina’s gold market in September: wholesale physical gold demand rose ahead of Golden Week
Explore China's gold market in September - gold prices, China's economic signals, gold demand and more.Ray Jia
Head of Research (Asia Pacific, ex-India) and Deputy Head of Trade Engagement (China) World Gold CouncilChina’s gold market in July: demand relatively steady, yet the local gold price discount widened
Explore China's gold market in July - gold prices, trends in ETFs, China's economic revival, gold demand and moreRay Jia
Head of Research (Asia Pacific, ex-India) and Deputy Head of Trade Engagement (China) World Gold CouncilChinese commercial banks’ retail gold business in 2019: investment demand up, physical gold sales down
We explore the drivers behind the changes in banks’ main retail gold businesses, with a more detailed analysis to follow in the near future.Ray Jia
Head of Research (Asia Pacific, ex-India) and Deputy Head of Trade Engagement (China) World Gold CouncilChina’s gold market in June: demand stabilised; gold ETF market expanded
Discover more on China's gold market in June - gold prices, trends in ETFs, China's economic revival, gold demand and more.Ray Jia
Head of Research (Asia Pacific, ex-India) and Deputy Head of Trade Engagement (China) World Gold CouncilWhat does China’s economic revival mean for gold?
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
Head of Research (Asia Pacific, ex-India) and Deputy Head of Trade Engagement (China) World Gold CouncilChina’s gold market in May: wholesale gold demand down, retail gold consumption up
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.Ray Jia
Head of Research (Asia Pacific, ex-India) and Deputy Head of Trade Engagement (China) World Gold CouncilChina’s gold market in April: recovery continues
Economic uncertainty and lowered opportunity cost of holding gold lifted gold prices in April.Ray Jia
Head of Research (Asia Pacific, ex-India) and Deputy Head of Trade Engagement (China) World Gold CouncilA general look at China and its gold market in wake of COVID-19
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.
