China's Gold Market: Investment Up, Jewelry Down in Second Quarter – China experienced a significant surge in gold investment during the second quarter of 2024, with gold ETF inflows reaching a record high of 14 billion yuan ($2 billion). – Investment in gold bars and coins also increased by 62% year-on-year, marking the strongest second-quarter performance since 2013. However, gold jewelry demand hit a low not seen since 2009, impacted by rising gold prices and economic slowdown. – The World Gold Council’s CEO for China expressed cautious optimism for the second half of the year, citing potential increased demand for safe-haven investments due to declining domestic interest rates and pressure on local assets. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed Survey: Americans Less Concerned About Future Inflation, More Anxious About Debt READ MORE Mortgage Demand Rises as Interest Rates Dip Below 7% READ MORE US dollar's dominance secure, BRICS see no progress on de-dollarization -report By Reuters READ MORE Gold's Bright Future: Predicted Surge Past $2,500 in 2024 READ MORE Treasury Traders Bet on 2024 Fed Rate Cuts READ MORE Add a Comment Cancel replyYour email address will not be published.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