Eastern Gold Rush: How Chinese Traders Are Reshaping the Global Bullion Market Chinese traders and investors have emerged as a dominant force in the global gold market, driving prices to record highs in early 2024. This shift in market dynamics has seen Chinese speculators on the Shanghai Futures Exchange and Shanghai Gold Exchange significantly increase their trading volumes and open interest in gold futures. Meanwhile, Western investors, particularly in the U.S., have been reducing their gold holdings. This trend highlights a growing Eastern influence on gold prices, potentially setting the stage for further price increases as Chinese demand continues to surge, despite reduced interest from traditional Western market participants. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Financial Anxiety Surges: 4 in 10 Americans Worried About Paying Bills READ MORE Powell Says Recent Inflation Numbers Haven’t ‘Really Changed the Overall Story’ READ MORE Oil Prices Climb as Netanyahu Rejects Hamas Cease-Fire Deal READ MORE INCREMENTUM : Preview Chartbook of the In Gold We Trust Report READ MORE Mortgage Demand Rises as Interest Rates Dip Below 7% READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment