Sustained Rise in China's Gold Imports as International Gold Prices Fall, June Hits Two-Year High
Abstract Since 2024, international gold prices have fallen, while China's gold imports have climbed continuously. In June, imports reached 173 tons, a two-year high, reflecting an open window for buying on dips and a strong rebound in physical gold demand, driven by factors such as gold price pullback, RMB appreciation, and commercial bank replenishment.
Since 2024, international gold prices have fallen, while China's gold imports have climbed continuously. In June, imports reached 173 tons, a two-year high, reflecting an open window for buying on dips and a strong rebound in physical gold demand, driven by factors such as gold price pullback, RMB appreciation, and commercial bank replenishment.
