Ray Jia
Research Head, China World Gold CouncilChina’s gold market in April: wholesale demand down but gold reserves rose for the sixth consecutive month
Key highlights:
- The LBMA Gold Price AM in USD rose by 0.2% in April while the Shanghai Gold Benchmark PM (SHAUPM) in RMB saw a 0.7% gain, due mainly to a depreciating RMB against the USD
- The average Shanghai-London gold price premium fell sharply in April amid easing local supply and demand conditions
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilGlobal central bank gold reserves remained flat in March
According to the IMF, reported global central bank gold reserves remained virtually unchanged in March. Available data shows purchases almost perfectly offset sales, resulting in a net increase of 0.2 tonnes.
