Chinese buyers snap up 430 tons of gold as prices dip

Community Trust Score Verified 82 % Real Verified 22 votes Updated 8 minutes ago Weekly trading volume on the Au99.99 contract at the Shanghai Gold Exchange (SGE) reached 43 million lots last week, equivalent to approximately 430 tons, marking the highest level since April. This surge in activity occurred as gold prices fell below the $4,000 threshold, with the metal trading at $3,996.96 at press time, down 0.50% on the day. The increase in SGE activity reflects physical accumulation rather than speculative leverage.

Source: The Currency Analytics