Chinese Retail Investors Drive Gold Boom on Shanghai Futures Exchange Gold’s remarkable rise this year had analysts scratching their heads until a new force was identified: Chinese retail investors swarming the Shanghai Futures Exchange (SHFE). Despite headwinds like increasing Treasury yields and a robust dollar, trading volumes on the SHFE tripled, propelling gold prices upward. China’s long-standing connection to gold, coupled with recent market uncertainty, has contributed to this surge, indicating a major shift in gold trading patterns. However, as gold prices fluctuate, questions persist about the SHFE’s broader impact on the global gold market. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts ECB's Second Rate Reduction Signals Gradual Shift in Monetary Policy READ MORE Major Banks See Deposit Costs Surpass Interest Earnings Amid Rising Rates READ MORE Home Price Growth Decelerates as High Rates Dampen Buyer Enthusiasm READ MORE The Silver War: How China's Stockpiling Affects World Markets READ MORE Inflation No Match for Casino Wins: U.S. Gaming Industry Sees Historic Highs in 2023 READ MORE Add a Comment Cancel replyYour email address will not be published.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