Ray Jia
Research Head, China World Gold CouncilChinese 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.
Ray Jia
Research Head, China World Gold CouncilThe 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.
Ray Jia
Research Head, China World Gold CouncilAu(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
Alistair Hewitt
Former Head of Market Intelligence World Gold CouncilComing 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: Pretty sideways performance in #gold over the past few weeks, currently trading around $1283-1284/oz. https://t.co/sNhbsHzttw
Gold: More on China's announcement that it bought #gold in April for the fifth successive month.
First, showing this data graphically. #Goldhub #blog https://t.co/ejBYDLFKn3
