Why China's gold sales have declined

MAINLY driven by the nation’s economic expansion, China became the largest retail gold investment market in the world in 2013 and has maintained its dominance since – but gold sales have declined, the World Gold Council reports.
Why China's gold sales have declined Why China's gold sales have declined Why China's gold sales have declined Why China's gold sales have declined Why China's gold sales have declined

Staff Reporter

The WGC says Chinese commercial banks have been a vital pillar supporting developments in China's retail gold investment market since its liberalisation in 2004, facilitated by their widespread network and well-established reputation.
 
"But their physical gold sales - the core gold business at Chinese commercial banks - have witnessed continuous decline since 2015. Meanwhile, retail physical gold investment products sold from other channels have, until recently, been growing.  
 
In its market update report, which puts Chinese commercial banks' retail gold businesses in focus, the WGC explores:
 
• The role of commercial banks in developing China's gold market.
 
• These banks' main retail gold business lines.
 
• The downward trend in physical gold sales at these banks and the possible drivers.
 
• Insights for Chinese retail gold investors.
 
The full report, with graphics, appears at this address: https://bit.ly/2Ulgohf
 

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