China’s gold boom tempts Shanghai residents to cash in

At automated machines assessing gold on the spot, Shanghai residents queue to sell old jewellery, lured by prices nearing $5,600 per ounce. Others continue to buy, betting the rally will last amid global uncertainty and a weaker US dollar.

Jan 31, 2026 - 01:00
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China’s gold boom tempts Shanghai residents to cash in
At automated machines assessing gold on the spot, Shanghai residents queue to sell old jewellery, lured by prices nearing $5,600 per ounce. Others continue to buy, betting the rally will last amid global uncertainty and a weaker US dollar.
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