China's recent move to curb retail trading of paper gold is expected to have a limited short-term impact on global gold market liquidity, as robust physical demand, particularly from central banks, continues to provide strong long-term support for prices, says YLG Bullion & Futures.
China's crackdown on retail paper gold was a multi-year phased process that began in late 2020, when the Shanghai Gold Exchange (SGE) stopped accepting new retail account registrations.
