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@KobeissiLetter
Chinese investors are rotating back into gold:
China’s gold-backed ETFs have recorded 14 consecutive daily inflows ending Monday, the longest streak since March.
Over this period, these funds have attracted +$1.2 billion.
The largest single-day inflow during this streak totaled +$370 million.
Before this rebound, China’s gold-backed ETFs recorded outflows in 38 of 44 trading sessions.
This comes as elevated volatility in China’s stock market has renewed interest in alternative assets, particularly among institutional investors.
Chinese investors are increasingly bullish on gold.
