The August wrap-up of BullionStar’s monthly gold charts column looks at the latest data for Chinese gold demand, Indian gold imports, Swiss gold imports and exports, and Russian official gold reserve accumulation.
Separately, note that BullionStar’s website offers a range of dynamic charts under the BullionStar Charts menu. The data underlying these charts spans precious metals, major currencies, stock indices and major stocks, and also charting of BullionStar bullion products. Charting utilities on the BullionStar Charts page allows every asset / financial instrument featured to be measured in terms of every other asset or instrument featured.
Shanghai Gold Exchange (SGE) gold withdrawals Physical gold withdrawals from the Shanghai Gold Exchange are a good proxy of wholesale gold demand in mainland China. Why this is so is explained in Koos Jansen’s articles and also in summary article in the BullionStar Gold University titled “The Mechanics of the Domestic Chinese Gold Market.”
During July, gold withdrawals from the SGE gold vaulting network across China totalled 144.7 tonnes, which was the second lowest SGE monthly gold withdrawals so far this year.
This post was published at Bullion Star on 27 Aug 2017.
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