This report provides an analysis of China's gold market performance in February 2026, focusing on price trends, demand, and investment.
Key findings include diverging gold price trends influenced by RMB appreciation and the Chinese New Year holiday, resilient wholesale gold demand during the Spring Festival, inflows into Chinese gold ETFs, and a continued increase in China's gold reserves. The outlook suggests potential seasonal weakness in gold jewellery demand but robust investment demand driven by geopolitical risks.