The Chinese are aggressively buying gold ETFs. According to a report by the World Gold Council, China's gold ETF assets increased from 188.8 tons at the end of August 2025 to 286.3 tons at the end of January, representing a 52% increase.

$XAU

XAUUSDT

Perp

5,175.04

-0.28%

$PAXG

PAXGUSDT

Perp

5,183.26

-0.39%