China’s gold market was tepid in June, but its first half performance was still very strong overall with the Shanghai Benchmark Gold Price and ETF inflows both setting semiannual records, according to Ray Jia, Research Head, China at the World Gold Council (WGC). “Gold prices saw limited moves in June,” Jia noted. “The LBMA Gold Price PM in USD climbed 0.3% while the SHAUPM in RMB fell mildly by 0.7% – due mainly to a stronger local currency against the dollar. Nonetheless, the LBMA Gold Price in USD and the SHAUPM in RMB concluded H1 with their strongest performances since 2016, surging 23% and 21% respectively.” ... (full story)