Gold’s recent all-time high prices were even more dramatic in China’s local currency, and while this dampened jewelry demand last month, Chinese investors continue to see high prices as a positive, according to the latest report from Ray Jia, Head of Research for China at the World Gold Council (WGC). Jia noted that Chinese gold prices ended Q1 strong, as the afternoon Shanghai Gold Benchmark price (SHAUPM) in yuan rose by 10% in March, outstripping the 8% gains of the morning LBMA Gold Price in USD. “While the LBMA Gold Price AM saw the largest increase in 12 months, the SHAUPM in RMB rose the most since August 2019 ... (full story)