In his latest article on MetalsDaily.com, Ross Norman highlights the significant purchasing trends on the Shanghai Futures Exchange (SHFE), which offer a glimpse into China's unique perspective on gold. Unlike the prevailing global view, China exhibits a distinct cognitive bias favoring gold, a stance not mirrored by weaker demand in other regions at current price levels. This discrepancy may stem from what's known as "false consensus bias," where people mistakenly believe others share their views. Norman's analysis suggests that understanding China's distinct market behavior is crucial for interpreting global gold trends.
Posted: 2024-04-19 11:43:37.000000