fred hickey(@htsfhickey):More evidence that the Chinese have been heavy gold buyers around the $4,000 price level. "Domestic gold demand is increasingly running against the price trend, strengthening as prices fall," Wu said. "On the Shanghai Gold Exchange (SGE), China's main bullion marketplace, the Au99.99 contract traded 43 million lots last week. That equals roughly 430 tons and marked its busiest week since April, Bloomberg reported." "Buyers must pay in full and take delivery, so the volume reflects physical purchases rather than leveraged bets." Now a little help from the Fed (just get past this FOMC meeting with Western speculators positioned for a hawkish view)?

2026.10.28 16:52

More evidence that the Chinese have been heavy gold buyers around the $4,000 price level. "Domestic gold demand is increasingly running against the price trend, strengthening as prices fall," Wu said. "On the Shanghai Gold Exchange (SGE), China's main bullion marketplace, the Au99.99 contract traded 43 million lots last week. That equals roughly 430 tons and marked its busiest week since April, Bloomberg reported." "Buyers must pay in full and take delivery, so the volume reflects physical purchases rather than leveraged bets." Now a little help from the Fed (just get past this FOMC meeting with Western speculators positioned for a hawkish view)?