nearly doubling in a monthsurge is driven by traders exploiting a widening gap between high futures prices and cheaper spot goldprofiting by delivering physical gold into the exchange
According to the World Gold Council (an industry lobby group), this reflects strong speculative demand in China amid low interest rates.
Despite gold’s broad support from geopolitical risk and economic uncertainty, the rally has created a disconnect: retail jewelry demand in China dropped 45% quarter-on-quarter, while investment demand for bars and coins remains firm, and gold ETFs have seen outflows as retail investors pivot to equities.
This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about shanghai gold stockpiles hit record as arbitrage activity surges was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Shanghai Gold stockpiles hit record as arbitrage activity surges )
Also on site :