Chinese investors are ditching gold for domestic stocks as equity markets soar. August saw China’s gold demand drop to 85 metric tons, the weakest August since 2010, due to record prices. While gold futures trading decreased, the CSI300 Index surged 10% in August, bolstered by policy support. Investors are shifting from traditional safe-haven assets to riskier plays. Despite the current trend, gold investment demand in China could rebound later this year.

Read more at Yahoo Finance: Chinese investors are retreating from record-setting gold for booming equities