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Chinese Dip-Buying Bolsters Gold as Prices Find Floor at $4,000

Bloomberg Markets Tuesday 04 August 2026, 04:42 UTC By Bloomberg News 1 min read
Key Points

Chinese Dip-Buying Bolsters Gold as Prices Find Floor at $4,000 Chinese institutional investors have swooped on gold in recent weeks, helping to arrest the precious metal’s decline and keep prices above the key threshold of $4,000 an ounce. Gold-backed exchange-traded funds in China saw 14 straight days of inflows up to Monday, the longest streak since March, according to calculations by Bloomberg. That points to a shift in sentiment in the world’s biggest bullion market after war in the...

Chinese Dip-Buying Bolsters Gold as Prices Find Floor at $4,000 Chinese institutional investors have swooped on gold in recent weeks, helping to arrest the precious metal’s decline and keep prices above the key threshold of $4,000 an ounce. Gold-backed exchange-traded funds in China saw 14 straight days of inflows up to Monday, the longest streak since March, according to calculations by Bloomberg. That points to a shift in sentiment in the world’s biggest bullion market after war in the Middle East fueled a long stretch of outflows and price declines.
Chinese Dip-Buying Bolsters Gold (ORG) Chinese (ORG) China (LOCATION) Bloomberg (ORG) the Middle East (LOCATION)
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