Edelmetalle: Chinas Goldimporte übersteigen 1000 Tonnen

China's gold imports have reached record levels this year, driven by falling international prices and a stronger yuan. Imports surpassed the 1,000-ton mark by the end of August, surpassing the total value of 2025, according to recent customs data available since 2017. Analyst Zijie Wu from Jinrui Futures broker explained that strong investment demand has kept Chinese domestic prices slightly above international benchmarks, making imports more attractive.

The yuan's stability since the beginning of the year has also created favorable conditions for gold imports, allowing regulators to approve more generous import quotas. Chinese stock-traded gold funds (ETFs) increased their holdings by around 44 tons by the end of August, marking an 18% rise since the beginning of the year, according to Shanghai Gold Exchange data.

Global ETF holdings remained largely unchanged during the same period. The high import volumes from recent months continue a trend that began at the start of the year. In January, after a record high, investors were encouraged to enter the market due to lower prices. Purchases were also boosted by a new regulation for issuing import licenses since June, potentially prompting banks to fully utilize existing import quotas.

Quotas are issued by the Chinese central bank. China's People's Bank has bought as much gold as it hasn't in the past 23 months, marking the 23rd consecutive month of purchases, according to recent data.