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Home Gold News Gold ETF Holdings Surge Amid Increased Demand from China

Gold ETF Holdings Surge Amid Increased Demand from China

by anna

Gold (XAU/USD) ETF holdings experienced their largest increase in three months, according to commodity strategists at TD Securities (TDS). This recent uptick, although smaller than the inflows seen in early June, has sparked optimism among gold enthusiasts, suggesting a potential shift in macroeconomic trends.

The rise in precious metals is notably supported by strong demand from China. Top traders on the Shanghai Futures Exchange (SHFE) continue to hold substantial positions in both gold and silver (XAG/USD). Additionally, Chinese Gold ETFs have seen consistent inflows, further bolstering the market.

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This pattern underscores the evolving role of precious metals as a hedge against currency depreciation, with ongoing economic pressures in Asia driving increased buying activity.

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