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Inflows to your Chinese gold ETFs sustained for an extra few days, totalling RMB5.6bn (US$772mn) inside the February. Continued inflows plus the flooding gold speed pushed the entire AUM to another month-stop level away from RMB101bn (US$14bn). Collective holdings flower then because of the 7.7t in order to 138t, and a record high (Graph cuatro). Silver withdrawals in the SGE totalled 120t inside March, right up 30t meters/meters however, a bit all the way down y/y. The fresh yards/meters rebound came as the jewellers and you will banking companies restocked following the Chinese New-year vacation slowdown – a seasonal development. Continued electricity in the funding demand for silver will also have considering an enhance.
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