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Why is China on a gold-buying spree? How is it affecting prices of the yellow metal?

Why is China on a gold-buying spree? How is it affecting prices of the yellow metal?
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Gold demand subdued in top-consumers India, China despite price drop

In China, dealers charged premiums of $18-$20 per ounce over benchmark prices, down from the $20-$35 premiums seen last week. ....

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Demand subdued in top-consumers India, China despite price drop

Physical gold demand in India remained subdued this week despite a slight correction in prices as buyers awaited an even bigger drop, while Chinese premiums slipped for the second straight week. ....

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Asia Gold: Record price rally takes toll on India demand; China premiums firm - Markets

Physical gold demand in India remained tepid this week as a blistering rally in domestic prices put off buyers,. ....

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India flips to premium, Lunar New Year sparks buying in other hubs

Physical gold dealers in India charged premiums this week for the first time in four months encouraged by a pick-up in purchases as local prices eased, while the approaching Lunar New Year.
-February 09, 2024 at 06:12 am EST
- MarketScreener ....

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