The first week of August may have delivered the warning shot: Gold surged more than 10%, while Silver gained over 12%.
On August 5 alone, Gold jumped almost 7% – roughly $300 – rallying above $4,300 an ounce, while Silver moved within striking distance of $64.
For traders waiting for confirmation, the window may already be narrowing.
China Just Sent Gold Another Powerful SignalChina’s appetite for Gold is accelerating.
Hong Kong is developing new Gold clearing and settlement infrastructure designed to strengthen its role in global trading, storage and price discovery, alongside greater connectivity with mainland markets.
The first week of August may have delivered the warning shot: Gold surged more than 10%, while Silver gained over 12%. On August 5 alone, Gold jumped almost 7% – roughly $300 – rallying above $4,300 an ounce, while Silver moved within striking distance of $64.
For traders waiting for confirmation, the window may already be narrowing.
China Just Sent Gold Another Powerful Signal
China’s appetite for Gold is accelerating.
The People’s Bank of China officially added approximately 20 tonnes in July – its largest monthly increase since October 2023 – following additions of roughly 15 tonnes in June and 10 tonnes in May.
That lifted reported holdings to a record 2,366 tonnes and extended China’s accumulation streak to 21 consecutive months.
But Beijing’s ambitions extend beyond buying bullion. Hong Kong is developing new Gold clearing and settlement infrastructure designed to strengthen its role in global trading, storage and price discovery, alongside greater connectivity with mainland markets.
