by Peter Schiff, Schiff Gold:

After hitting the highest level since 2019 in the first quarter, Chinese gold demand continued on a solid path through Q2.

Through the first half of the year, Chinese gold consumption surged by 16%, according to the latest data from the China Gold Association (CGA).

Chinese gold demand through H1 came in at 554.9 tons.

A CGA statement said, “With the normalization of the economy and the revival of the economy, China’s gold consumption shows an overall momentum of rapid recovery.”