How do The Huge Chinese Bullion Banks Move Gold Prices?

The actions in the bullion banks about the London Gold Market and also the COMEX futures exchange in New York are dissected by analysts looking to explain market movements and trends in gold prices.

Famous names like JPMorgan, HSBC, Scottia Mocatta and Goldman Sachs are monitored closely since the height and width of their trading, for their own reasons or for their customers, is really large it can move markets.

Examples of bullion bank influences

Older gold investors will remember the 1980s and 1990s bear market well, probably holding a selection of opinions about what caused this bear market.

Within these opinions there are several well-made arguments by the like from the
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late Ferdinand Lips that two key phenomena involving the bullion banks had a marked impact on weakening prices during this era.

What about the giant Asian bullion banks?

China and Asia’s huge and growing finance industry is now the focal point for global minded analysts to look into.

Within this white hot Chinese gold buying market there is a new breed of Asian bullion bank, trading on exchanges just like the Shanghai Gold Exchange (SGE), growing in size to already rival famous brands JPMorgan.

Comprehensive new research documents the largest trading bank on the SGE, with a few familiar Western names nearly managing to maintain a sizable presence there.

However the Chinese banks within this report are worth becoming acquainted with, as they will make up the core of probably the most effective and fastest growing range of bullion banks from the market.

Will the Bank of China and China Agricultural Bank become the JPMorgan and HSBC of 2020’s gold market? Those that invest in gold will have to watch carefully to see.