Gold Market Charts – November BullionStar’s monthly ‘Gold Market Charts’ articles examine recent developments in the world’s largest physical gold markets using graphical gold charts created by the GOLD CHARTS R US market chart website. The physical gold markets covered include India, China, Russia and Switzerland and where relevant, the COMEX gold futures vault inventories.
Note additionally that BullionStar’s website also hosts gold and silver price charts under the BullionStar Charts menu, which also allows you to chart currencies, commodities, stock indices and Bitcoin in terms of gold and other precious metals.
SGE Gold Withdrawals Physical gold withdrawals from the vaults of the Shanghai Gold Exchange (SGE) during October 2017 reached 151.54 tonnes. SGE gold withdrawals are a suitable proxy for Chinese wholesale gold demand due to the fact that nearly all gold supply in the Chinese gold market makes its way through the SGE vaulting network to be traded on the SGE’s gold trading platform.
This post was published at Bullion Star on 4 Dec 2017.