The Zhitong Finance App learned that in August, the World Gold Council published an article stating that in August, the price of gold rose sharply. The London midday gold price in US dollars and the Shanghai midday benchmark gold price in RMB rose 13% and 8.4%, respectively. However, the upward trend waned in early September. In August, total gold ETF holdings in the Chinese market increased by 11 tons to 293 tons. At the beginning of September, gold ETFs continued to flow in. Rising gold prices and improving market sentiment have made gold futures trading more active. The anti-seasonal decline in gold shipments from the Shanghai Gold Exchange reflects the cooling demand for gold bars and coins and the continued weakness of the jewellery industry. In August, the People's Bank of China increased its gold holdings by 20.2 tons, making it the largest monthly purchase since October 2023. This is also the 22nd month in a row that it has increased its gold holdings.

The Zhitong Finance App learned that in August, the World Gold Council published an article stating that in August, the price of gold rose sharply. The London midday gold price in US dollars and the Shanghai midday benchmark gold price in RMB rose 13% and 8.4%, respectively. However, the upward trend waned in early September. In August, total gold ETF holdings in the Chinese market increased by 11 tons to 293 tons. At the beginning of September, gold ETFs continued to flow in. Rising gold prices and improving market sentiment have made gold futures trading more active. The anti-seasonal decline in gold shipments from the Shanghai Gold Exchange reflects the cooling demand for gold bars and coins and the continued weakness of the jewellery industry. In August, the People's Bank of China increased its gold holdings by 20.2 tons, making it the largest monthly purchase since October 2023. This is also the 22nd month in a row that it has increased its gold holdings.