China’s gold market saw ETF liquidations and low futures volumes in August as stocks surged, but jewelry sales and imports rebounded – World Gold Council

(Kitco News) – China’s gold market saw liquidations in physical stocks and ETFs and declining futures volumes as investors booked bullion profits to rotate into surging stocks, but a rebound in jewelry demand and an uptick in imports combined with the ongoing price rally bode well for investment demand, according to Ray Jia, Research Head, China at the World Gold Council (WGC).

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