China’s Gold-buying spree continues with Hong Kong ETFs hitting records
China continued to lead Asia’s push into Gold buying via Exchange-Traded Funds (ETFs) in April, with Hong Kong registering its highest inflows ever, as Gold prices stabilized after a major pullback in March.
With China's continued demand for gold through ETFs and stabilization of gold prices, we may see upward pressure on XAUUSD. Increased buying activity could lead to a bullish trend in the near term.
China continued to lead Asia’s push into Gold buying via Exchange-Traded Funds (ETFs) in April, with Hong Kong registering its highest inflows ever, as Gold prices stabilized after a major pullback in March.
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