– China experienced a significant surge in gold investment during the second quarter of 2024, with gold ETF inflows reaching a record high of 14 billion yuan ($2 billion).

– Investment in gold bars and coins also increased by 62% year-on-year, marking the strongest second-quarter performance since 2013. However, gold jewelry demand hit a low not seen since 2009, impacted by rising gold prices and economic slowdown.

– The World Gold Council’s CEO for China expressed cautious optimism for the second half of the year, citing potential increased demand for safe-haven investments due to declining domestic interest rates and pressure on local assets.