Gold Rush: Record ETF Inflows in Chinese Market in January

Gold Market Heats Up

According to the latest 'China Gold Market Monthly Review' by the World Gold Council, gold demand in January showed strong momentum. The gold withdrawal volume of the Shanghai Gold Exchange reached 126 tons, reflecting market vitality with a slight year-on-year increase.

Record Gold ETF Inflows

In January, gold ETF inflows in the Chinese market reached RMB 44 billion, a record high. This figure highlights sustained investor enthusiasm and confidence in gold.

• Gold withdrawal volumes increased year-on-year
• Bullion sales remain robust
• Pre-festival restocking boosted demand

The People's Bank of China continued to purchase gold, increasing reserves to 2,308 tons, representing 9.6% of foreign exchange reserves.