01 December 2016

China Buying the Dip - 28.652 Tonnes of Physical Gold Taken Off the Shanghai Gold Exchange In One Day


The top of the chart is cumulative, the bottom portion is the daily volume.

Yesterday was easily the biggest day of this year for physical gold withdrawals in Shanghai.

They may show themselves only in the longer term, but pricing action does develop profound physical market consequences for supply and demand.   History has proven that.


Related: Major Gold Price Divergence Between Shanghai and London