TOP TREND: Chinese Market Fuels Golden Year for Gold

When the world is going to shit, investors who know seek a haven

Chinese investors poured the equivalent of $7.4 billion into gold-focused exchange-traded funds (ETFs) in April, a record pace as trade with the U.S. began to collapse under Donald Trump’s trade war and the country’s domestic economy continues to face an uncertain future.

The investment was the equivalent of 70 metric tons of the metal, more than twice the previous record for Chinese retail investors, according to the World Gold Council (WGC).

“While we have seen ETF demand from other regions, China is in the lead now,” WGC senior strategist John Reade wrote in a statement.