China's Gold Demand Lags Behind Global Trends in August China’s gold market in August showed mixed signals, with the LBMA Gold Price AM in USD rising 4.3% while the Shanghai Gold Benchmark PM in RMB increased by only 1.7%. Gold withdrawals from the Shanghai Gold Exchange increased month-over-month but fell year-over-year, reflecting weak local demand despite seasonal factors. Chinese gold ETFs experienced their first monthly outflow since November 2023, likely due to profit-taking. However, gold futures volumes on the Shanghai Futures Exchange reached their highest level since April. Looking ahead, seasonal demand may improve, but economic challenges and high gold prices could continue to limit consumption, while investment demand remains price-dependent. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed Chair Powell: Labor Market 'Fully Back in Balance' READ MORE Powell Signals Fed's Readiness for Rate Cuts at Jackson Hole READ MORE Gold Hits Three-Week High as Cooling Inflation Fuels Fed Rate Cut Hopes READ MORE Is It Time to Rethink Your Gold Allocation? READ MORE Rising Gold Prices Cool Off Indian Market Demand in Fourth Quarter READ MORE Add a Comment Cancel replyYour email address will not be published.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