Bloomberg reports that gold’s record-breaking rally is making even bigger waves in China, spurring retail demand and driving unprecedented trading volume.As prices swing, signs of surging intraday trading have emerged, with yuan-denominated futures hitting historic volatility highs. Traders are navigating trade tensions with skill. Meanwhile, ETF inflows are soaring, retail activity is booming, and local price premiums are widening.China, as the world’s largest gold consumer and a major producer, holds significant influence over global gold markets. Gold has been the top-performing major commodity this year, fueled by safe-haven demand amid aggressive trade policy shifts and central banks’ buying spree.Jinrui Futures said: “Local media coverage amplifies fear and greed.” Despite brief midw
Young People Buy Gold on Credit! Has Gold Rally Peaked?
Amid a booming trading environment in the Chinese market, more people believe that the uptrend might still continue. Goldman Sachs predicts that gold prices could reach $4,000 per ounce by mid-2026. In China, social media has been flooded with posts, with some users claiming they plan to invest their life savings in gold or even take out loans to chase higher prices. ------------ As media and public attention toward gold continues to heat up, does this mean that gold has already peaked? What is your target price for gold? Is it too crazy for young people to take out loans to buy gold?
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