China’s Gold ETFs see record outflows amid stock market shift
Chinese investors pulled 3.2B yen ($450M) from top gold ETFs in July as momentum shifted to equities. The CSI 300 Index jumped 5.5%, prompting a profit-booking move from gold. Analyst Steve Zhou says retail investors are driving the shift. Despite recent cooling, retail sentiment on GLD remains 'bullish' ahead of the Fed's policy decision.