$OG $TRON.US $ZEC 🔥🔥The momentum for buying gold in mainland China is once again becoming more apparent.
In July, Hong Kong’s net gold exports to mainland China reached 56.193 tonnes, up about 11% month-on-month, and even more sharply up about 28% year-on-year.
Interestingly, Hong Kong’s total gold exports to mainland China actually fell slightly, yet net exports rose against the trend—which suggests the amount of gold flowing back from the mainland to Hong Kong is decreasing.
Market interpretation is that this is driven more by investment demand: the appeal of gold bars and coins is clearly outperforming jewelry consumption.
Gold has recently resumed its uptrend. Not only is it supported by Western funds, but demand across Asia is also recovering in tandem.
As more and more funds choose to swap cash for gold, this is undoubtedly a signal worth continuous monitoring for the crypto market: the allure of “scarce assets” has not cooled down yet.#黄金 #ZEC突破关键阻力涨75.5%