Somebody Is Buying Gold and Supporting the Market! Who? - LinkedIn

AI desk brief

Gold is holding around $4,000/oz despite rising yields and expectations of further Fed hikes, with the article arguing that Chinese dip-buying is absorbing the selloff. It cites a 43 million-lot jump in the Shanghai Gold Exchange AU99.99 contract last week, equivalent to about 430 tonnes, and says Chinese accumulation-plan purchases through the first nine months of 2026 had already exceeded last year’s total.

The piece also points to broader regional support: Chinese stocks have lost $2.4 trillion since their May peak, property prices are weakening, and bond returns have fallen to record lows, reinforcing safe-haven demand. WGC data cited in the article show Asian gold ETFs added 16.2 tonnes in September, led by Chinese funds, with inflows also in India, Japan, South Korea, and Singapore.