Shine is Back: Chinese gold fetches huge premium as demand improves

Although China's gold imports in August surged to a four-year high, there's still a shortfall dating from the start of the pandemic, when purchases from overseas collapsed. Imports weakened again this spring as jewelry demand took a hit after the financial center of Shanghai was locked down to control the virus.

Shine is Back: Chinese gold fetches huge premium as demand improves
Although China's gold imports in August surged to a four-year high, there's still a shortfall dating from the start of the pandemic, when purchases from overseas collapsed. Imports weakened again this spring as jewelry demand took a hit after the financial center of Shanghai was locked down to control the virus.