Chinese Keep Wanting More Gold | The Mesh Report

Chinese Keep Wanting More Gold

Mike Hammer May 5, 2017 Comments Off on Chinese Keep Wanting More Gold

Chinese gold demand rose 8% in the first quarter of 2017, compared to 2016 Q1.  Compare this to a worldwide not-China demand drop of 18% for the rest of the world in this same period.  Makes you think: Do the Chinese know something the rest of us don’t?  Are they smart buying gold as the price is dropping?  Or is it the result of the new Shanghai gold markets and mechanisms that seem to be allowing more gold into China?  The Gold Enthusiast thinks it’s a combination of all three, with the third being the largest factor.  If people haven’t been able to get what they want, when they suddenly can they’ll buy a bunch of it.  We’ll also point you to another article about Indian gold demand in 2017Q1 – can you guess which way that went?

Continue Reading At The Gold Enthusiast

Comments are closed.