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 Inflation Woes from Pandemic Keep Fed's Rate Cuts on Hold READ MORE Bullion Prices Stable as Traders Await Inflation Cues READ MORE China Gold Reserves Grow for 18th Straight Month READ MORE Gold Prices Soar to New Heights Defying Critics READ MORE Navigating Gold's Volatility: The 2024 Surge and Its Implications READ MORE Add a Comment Cancel replyYour email address will not be published.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