China's gold market continues to grow. First of all, there is an increase in demand for jewelry. This is evidenced by data from the first quarter of 2019, although less investment gold was sold.

Analysts of the precious metals market are counting on the growth of demand for gold in China. This is due to the growth of the US dollar and the reduction in the price of the precious metal, which means buyers will enjoy discounts on jewelry. In addition, gold as a whole will retain its status as a defensive asset amid aggravated geopolitical conflicts.

The World Gold Council (WGC) even reports about a shortage of gold in China, as the import of precious metals into the country fell in the first quarter to its lowest level since 2014. The increase in gold deficit is evidenced by the premium growth in Shanghai to the price of gold in London. The difference per ounce in Shanghai and London is almost $ 20.