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Shanghai Gold Premium Is Just $3-$6 After China's Paper Gold Ban
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Shanghai Gold Premium Is Just $3-$6 After China's Paper Gold Ban
The Shanghai gold premium did not blow out. That single fact undercuts most of what was written about China's paper gold ban before it took effect. For the week ended 24 July 2026 — the final week of retail leveraged paper gold trading at China's largest banks — Chinese dealers quoted premiums of just $3 to $6 an ounce over global benchmark spot, according to Reuters' Asia gold survey. That is not a squeeze. It is below the $5-$15 range that Met…
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