Chinese Dip-Buying Has Built a $4,000 Floor Under Gold

Chinese institutional investors have quietly built the most important floor in the gold market right now, and the data from both the paper and physical sides of the trade confirm it. Gold spot prices sit at approximately $4,172 per ounce this morning after spending most of July testing the $4,000 level from above, and the consistent verdict from onshore Chinese buyers each time that level approached was: buy. Key Takeaways Chinese gold ETFs recorded 14 consecutive days of inflows through August 4, 2026, the longest streak since March, as domestic institutional money rotated out of a CSI 300 index that fell approximately 8% in July. The People's Bank of China added 15 tonnes of gold in June 2…