07 July 2016

Relentless: Shanghai 138.5 Tonnes of Gold Withdrawn In June

"Three things cannot be long hidden: the sun, the moon, and the truth."


There were 138.5 tonnes of gold taken from the Shanghai Gold Exchange in June.

This brings the first half of 2016 withdrawals to 973 tonnes.

Koos Jansen has written a very informative article with some interesting charts about these new Chinese gold demand numbers here.

He also examines an incorrect set of data about this from Nomura.

As a reminder, the US will be releasing its Non-Farm Payrolls Report For June tomorrow.

These charts are from Nick Laird at goldchartsrus.com.