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 Analyst Says Silver Could Be Headed to $50 READ MORE Misery Index vs. Consumer Sentiment: A Paradox in American Economic Perception READ MORE China Dumps Record Amount of US Debt Amid Strategic Diversification READ MORE Silver Institute: Global Silver Demand Forecasted to Rise to 1.2 Billion Ounces In 2024 READ MORE Wall Street Rebounds: S&P 500 Posts Biggest Gain Since February READ MORE Add a Comment Cancel replyYour email address will not be published.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