China’s gold market showed mixed signals in January 2025, with the People’s Bank of China adding another 5 tonnes to its reserves, bringing total holdings to 2,285 tonnes.
While gold prices saw their strongest January in years, with LBMA and Shanghai benchmarks rising 8% and 5% respectively, retail demand remained subdued.
Despite a 3% monthly increase in SGE withdrawals to 125 tonnes, overall demand stayed below historical levels, and Chinese gold ETFs experienced outflows of US$399 million.
Original Source: Gold.org
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