📉 **Shanghai Gold Turns to Discount — Demand Cooling?** $

Gold in Shanghai is now trading at a **-0.24% discount vs LBMA**, signaling that **physical demand in China may be softening in the short term**. $BTC

But this doesn’t point to a supply issue.

👉 More likely: **profit-taking** after the recent rally

👉 Or **temporary demand fatigue** as prices reset

⚠️ The discount remains small — meaning this is **not a trend reversal**, just a short-term supply–demand adjustment.

Big picture?

Gold’s structure still looks intact… but the market may need a breather before the next move 👀

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