Gold Investors Panic: China Sees Historic $980 Million ETF Sell-off Amid Price Drop

• Chinese gold investors experienced a historic sell-off, withdrawing approximately 6.8 billion yuan ($980 million) from major gold ETFs in a single day.
• This massive outflow, the largest ever recorded, followed a sudden and sharp drop in gold prices from their all-time highs.
• The market sentiment reversed dramatically after a period of record inflows into these same gold funds, including Huaan Yifu, Bosera, E Fund, and Guotai.
• Experts had warned that the rapid gold rally was largely speculative, leading to a significant single-day decline in gold prices, the largest since 2013.
• Indian investors are advised that gold is not risk-free; rapid rallies can lead to sharp corrections, and long-term investors should avoid panic selling.