China's Gold Imports Surpass 1,000 Tons in 8 Months, Setting Record

China's gold imports reached a record level, driven by strong investment demand and support from the yuan. In the first eight months of the year, imports exceeded 1,000 tons, already surpassing the total for 2025. This performance marks the highest import level since 2017. The increase was driven by central bank gold purchases and a 44-ton increase in funds. This strong trend in gold imports indicates that investors' interest in the precious metal continues. The stability of the yuan was also among the factors supporting imports. Not investment advice.

📊 GLD — Piyasa Yorumu

▲ up · 55%

China's gold imports exceeding 1,000 tons in 8 months, setting a record, signals strong physical demand for gold and is positive news for GLD in the short term. However, the latest close was at 4321.915, down 1.07% in 24 hours, and the RSI at 48.5 is in neutral territory. The MACD line remains below the signal line (0.32 vs 0.60), indicating weak short-term momentum. The price being above the SMA20 (399.58) and SMA50 (397.38) supports that the medium-term trend is still positive. The news could stimulate demand, but with technical indicators giving mixed signals, upside potential is limited and volatility may be high.

RSI 14

48.5

MACD

0.32

24h Δ

-1.07%

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