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Chinese investors pile into gold funds at record pace
By Leslie Hook and Cheng Leng
Financial Times, London
Wednesday, April 30, 2025
Chinese investors are piling into gold funds at a record rate, as Donald Trump's trade war and fears over a U.S. recession and inflation drive a hunt for haven assets.
Inflows into gold exchange traded funds in China total 70 tonnes — or about $7.4 billion -- so far this month, more than double the previous monthly record, according to the World Gold Council, an industry body.
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"Whilst we have seen ETF demand from other regions, China is really in the lead now," said John Reade, senior market strategist at the WGC, adding that Chinese investment demand for the precious metal had risen "dramatically" this month.
The country's share of global gold exchange-traded fund holdings has jumped to 6%, up from 3% at the start of this year, while over the past four weeks Chinese demand accounted for more than half of global gold ETF inflows. ...
... For the remainder of the report:
https://www.ft.com/content/08d91dc3-2c4b-4281-8a3c-55350ee550f8
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