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POSTED ON January 31, 2022  - POSTED IN Key Gold Headlines

Chinese gold consumption rebounded in 2021, rising by 36.53% year on year as the market continues to recover after taking a hard hit during the coronavirus pandemic.

More significantly, gold demand was up 11.78% compared with consumption in 2019, before the pandemic.

China ranks as the world’s number one gold consumer.

POSTED ON December 28, 2021  - POSTED IN Key Gold Headlines

While the Federal Reserve talks about tightening monetary policy, the Chinese central bank is heading in the opposite direction. This could boost gold demand in that country even further.

Earlier this month, the People’s Bank of China announced a 0.5% cut in financial institutions’ required reserve ratio (RRR). According to the World Gold Council, this move will inject about $1.2 trillion yuan into the Chinese economy.

POSTED ON December 21, 2021  - POSTED IN Key Gold Headlines

In October, Chinese gold imports reached the highest level since December of 2019 as the market continues to recover after taking a hard hit during the coronavirus pandemic.

According to the latest data from Chinese customs, the country imported 123 tons of gold in October. That was a 38-ton month-on-month increase.

China ranks as the world’s number one gold consumer.

POSTED ON November 9, 2021  - POSTED IN Key Gold Headlines

Gold demand remained strong in October according to the latest data released by the World Gold Council.

Both gold withdrawals from the Shanghai Gold Exchange (SGE) in October and gold imports in September were up year-on-year, and Chinese ETF gold holdings set a new record. These all signal that the Chinese gold market continues to recover after it was hit hard by the coronavirus pandemic.

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