Skip to content
The Nexus
BUSINESSJul 8 · 12:00 UTCSCMP CHINAJulie Zhang

Chinese profit-taking triggers record gold ETF outflows amid shift to equities

Chinese investors withdrew a record $2.91 billion from domestic gold ETFs in June as a stock market surge and strong yuan reduced demand for gold, leading to a shift towards higher-risk, higher-return assets, according to the World Gold Council.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned
World Gold CouncilorganizationChinese investorstopicgold ETFstopicequitiestopicyuantopic
Spot something wrong with this article?Report a problem →
Forward this
Related Signal

Adjacent reporting