China’s gold imports approach 1,200 tonnes in 2026 as local premiums and strong yuan drive investment demand - Kitco
China’s gold imports approach 1,200 tonnes in 2026 as local premiums and strong yuan drive investment demand - Kitco
Source: Kitco
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DW NOTE
China's gold imports are running at 1,200 tonnes annualised in 2026 — the same year gold fell 17.6% from its January peak and is off 6.4% in the past month alone. Local premiums and a strong yuan are supposedly driving demand, but those are structural factors that existed when gold was at $5,318. What changed is the price, and Chinese buyers are doing what value buyers do: accumulating into weakness while Western investors capitulate.