Feb. 23 at 5:00 PM
Chinese investors bought 432 metric tons of gold bars & coins in FY25, a +28% increase from the prior year, representing nearly 1/3rd of global purchases.
Chinese households have few good options for parking their wealth - property market is in the doldrums, the domestic stock market can be volatile, and interest rates at banks are low.
World Gold Council: Gold & silver have been trading at a premium in China compared w/ international benchmarks, a sign of heightened demand.
Chinese gold ETFs notched record inflows last year, & gold futures trading volumes at the Shanghai Futures Exchange also reached a new annual high
Some China banks have tightened margin requirements, limiting how much customers can borrow to buy metals.
$GLD $GDX $KGC $AEM $NEM