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Inflows to the Chinese gold ETFs sustained to have an additional few days, totalling RMB5.6bn (US$772mn) in the February. Went on inflows and the surging silver rate pushed the entire AUM to a different few days-prevent level from RMB101bn (US$14bn). Collective holdings rose next from the 7.7t to 138t, and accurate documentation higher (Graph 4). Silver withdrawals on the SGE totalled 120t in the March, right up 30t meters/m however, a bit lower y/y. The fresh yards/yards rebound arrived while the jewellers and you can banking companies restocked after the Chinese New year escape lag – a seasonal pattern. Continued strength inside funding demand for gold will also have provided a boost.
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