Goldhub blog: Posts tagged with "China"

China’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.

Chinese 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.

China’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.

China’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 more

Chinese 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.

China’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.

What 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’.

China’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.

China’s gold market in April: recovery continues

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

A 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.

Potential impact of the coronavirus on gold

It’s been less than two months since the 2019 novel coronavirus (COVID19) was first reported in China, and a recurring question we hear from investors is: ‘How might gold react to an epidemic like this?’

China’s wholesale physical gold demand rose further in December

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

The Art of the Trade Deal

“It just doesn’t get any bigger than this”. At least that is how President Trump is portraying the signing of the “Phase One” deal with China last week. But while talks between the two nations are undoubtedly positive for global trade, do they really make a substantive change in circumstances?

Chinese New Year: what does it mean for China’s physical gold market?

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.

The first exchange-traded gold option in China

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.

Au(T+D)’s trading volume edged closer to new record in July

• Chinese gold prices rose modestly in July 
• Au(T+D)’s trading volume in July extended its June surge
• The local gold premium saw a much lower volatility 
• Imports registered another decline, dropping to 55t in July
• Gold withdrawals from Shanghai Gold Exchange (SGE) experienced the first rise in four months 
• The People’s Bank of China (PBoC) added another 10t to its gold reserves

Coming soon: monthly blog posts on India and China

We will soon be launching two regular blog posts– monthly updates on India and China by Mukesh and Ray, our analysts in Mumbai and Shanghai. These monthly posts will provide a snapshot of the health of these two global heavyweights, which together account for around half of annual global consumer demand. 

Gold demand strides confidently into 2019 – up 5% year-on-year.