InProved Analytics’ Post

Trading volumes have been recovering for #gold in #china judging by the Au(t+d) and the physical proxy contract (au9999) on the Shanghai Gold Exchange (SGE). ✅ 5-day trailing gold premiums at a one-month high at $35.2 over #lbma ✅ Au(t+d) trading volume increased by 91% from Friday to 34.7 tons traded ✅ Au9999 trading volume increased by 41% from Friday to 10.87 tons traded #preciousmetals #commodities #bullion #SGE

Slight uptick in trading volume for #gold AU9999 contract, the physical proxy on the #SGE, closing the week at 597.16 cny/gram. 🟢Trailing 5-day volume up 30.7% to 12.426 tons 🟢Trailing 21-day volume up 15.3% to 9.734 tons #PreciousMetals #commodities #china #bullion

Slight uptick in trading volume for #gold AU9999 contract, the physical proxy on the #SGE, closing the week at 597.16 cny/gram. 🟢Trailing 5-day volume up 30.7% to 12.426 tons 🟢Trailing 21-day volume up 15.3% to 9.734 tons  #PreciousMetals #commodities #china #bullion

Physical #gold remains bid in #China despite being close to record highs. Shanghai Gold premiums remain elevated, closing at $44.7 per ounce or 2.2% above LBMA yesterday, while the 5-day moving average stands around $47.5. We have noticed a pick up in physical activity post CNY judging by the physical proxy contract (Au9999), with an average daily trading volume of 18.8T ( 5-day ma) #preciousmetals #bullion #commodities

Physical #gold remains bid in #China despite being close to record highs. Shanghai Gold premiums remain elevated, closing at $44.7 per ounce or 2.2% above LBMA yesterday, while the 5-day moving average stands around $47.5. We have noticed a pick up in physical activity post CNY judging by the physical proxy contract (Au9999), with an average daily trading volume of 18.8T (5-day ma) #preciousmetals #bullion #commodities

While #Gold in the West shows short term weakness, the demand in #china for the metal hasn’t tarnished judging by premiums and the physical proxy contract (Au9999) traded on the Shanghai Gold Exchange. #shanghai Gold premium was traded at a10-day high of $54.2 per ounce or 2.7% over LBMA yesterday while the 5-day moving average stands around $47.2/oz.   The five-day rolling average for the Au 9999 contract remains well bid with yesterday trading volume reaching 28.9t. Despite persistent headwinds in China, gold remains a highly desirable asset for China, and weekly numbers underpin this thesis. #preciousmetals #commodities #bullion

The SA Bullion Q1 2024 Gold Report is Out!📢💰 After an exciting start to the year,we're excited to announce the release of our 2024 Q1 Gold Report. In the 1st Quarter of 2024, Gold Delivered impressive returns in every currency. Delivering +8.1% in US Dollars, +10,8% in Euros and 11,4% in South African Rands. Our Gold report reveals some insightful trends and forecasts. Here are some key touchpoints: -Gold Performance in US Dollars & Rands -Key Drivers of Gold Performance -Silver: A generational Breakout in price -SA Bullion Business Updates Stay on top of the markets, read more by clicking the link https://lnkd.in/dcn8zrCX #SABullion #GoldReport #InvestInSilver #PreciousMetals #Investments #goldmarkets

While #Gold in the West shows short term weakness, the demand in #china for the metal hasn’t tarnished judging by premiums and the physical proxy contract (Au9999) traded on the Shanghai Gold Exchange. #shanghai Gold premium was traded at a10-day high of $54.2 per ounce or 2.7% over LBMA yesterday while the 5-day moving average stands around $47.2/oz. The five-day rolling average for the Au 9999 contract remains well bid with yesterday trading volume reaching 28.9t. Despite persistent headwinds in China, gold remains a highly desirable asset for China, and weekly numbers underpin this thesis. #preciousmetals #commodities #bullion

No Doubt it's a secure reserve But companies are more for liquidity stacking than the Bullion Gold increased 253.90 USD/t oz. or 12.31% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Gold reached an all time high of 2431.55 in April of 2024 .