Chapter

China gold market update: Official buying accelerated in August

From Research by Gold

Concepts

1. Gold Purchase

   "In August, PBOC reported a 20t gold purchase, the strongest month since October 2023."

2. ETF Inflows

   "Chinese gold ETFs registered healthy inflows during the month, helped by the improved gold price momentum."

3. SGE Withdrawals

   "Gold withdrawals from the SGE fell m/m, largely due to cooling bullion investment and the ongoing gold jewellery sector weakness"