China’s gold market saw liquidations in physical stocks and ETFs and declining futures volumes as investors booked bullion profits to rotate into surging stocks, but a rebound in jewelry demand and an uptick in imports combined with the ongoing price rally bode well for investment demand, according to Ray Jia, Research Head, China at the World Gold Council (WGC). Jia noted that gold recorded another month of solid price gains in August. “This is mainly supported by higher inflation expectations, intensifying expectations of a Fed cut and continued dollar weakness,” he said. “Meanwhile, sustained geopolitical and ... (full story)