-
China gold market update: A strong start to 2026
Gold experienced one of its strongest January in decades (Chart 1). It continually broke new ground, reaching 11 all-time highs during January and breaching decisively through key thresholds. Overall, the LBMA Gold Price PM in USD and the SHAUPM in RMB rose 14% and 19%, respectively, in the month. However, following a rapid ascent for most of January, gold pulled back by the end of the month – likely impacted by a positive market reception of the Trump-nominated Fed Chair candidate, Kevin Warsh, followed by momentum-driven sales, and to some extent, selloff in other commodities such as silver. Gold dipped briefly ... (full story)