Chinese gold demand in March more than 2x prior year

Chinese gold demand in March more than 2x prior year

From sharpspixley.com

China’s consumption of gold appears to be well back on track with Shanghai Gold Exchange (SGE) gold withdrawals for March coming in at more than double those reported in the same month in 2020. We had already noted a pick-up in an article a month earlier – see: Global gold demand looks to be back on the rise?, but that was based on figures recorded in February, which can be misleading because of differing closing dates for the SGE during the week-long Chinese New Year holiday period. March is thus the first really comparable month for gold withdrawal data – but before you gold bulls get too exuberant out there, ... (full story)

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