China’s gold demand hit its lowest level in a decade in June.
Jewelry purchases were weak, even with lower prices. That was enough to hold the market back.
Meanwhile, central banks kept buying. But gold ETFs saw outflows. Two opposing signals.
The key takeaway: demand near ten-year lows. This isn’t just any dip.
$XAU
What stands out to you most about this divergence?
#Oro #DemandChina
Jewelry purchases were weak, even with lower prices. That was enough to hold the market back.
Meanwhile, central banks kept buying. But gold ETFs saw outflows. Two opposing signals.
The key takeaway: demand near ten-year lows. This isn’t just any dip.
$XAU
What stands out to you most about this divergence?
#Oro #DemandChina