[HIGHLIGHTS] In January, gold ETF inflows into the Chinese market amounted to approximately RMB 827 million.

In January, gold ETF inflows into the Chinese market amounted to approximately RMB 827 million. In January, the Shanghai Gold Exchange (SGE) gold outflow volume was 271 tons, a month-on-month surge of 65%.

Analysts said that active replenishment before the traditional gold consumption peak season around the Spring Festival holiday drove a substantial increase in upstream physical gold demand in January. The outstanding performance of RMB gold prices in recent months has attracted investors seeking safe-haven assets, thus prompting gold bars and gold coins to continue to be popular.