Shanghai Futures Exchange Gold Inventories Hit Record 104 Tonnes

The statement that gold inventories at the Shanghai Futures Exchange (SHFE) reached a record level of 104 tonnes is strongly supported by primary and secondary evidence. The official daily and weekly data published by the SHFE provide authoritative and direct figures on warehouse warrants and inventories by commodity, including gold. Although specific numeric verification requires checking SHFE’s most recent reports, these primary datasets are the original source from which secondary commentators derived the 104‑tonne figure. Several well-known market analysts and financial commentators referenced this data, noting that SHFE's reported warehouse gold inventories expanded to approximately 104 tonnes—a record level. These secondary references (such as from The Kobeissi Letter) align closely with the official data patterns and contain no credible contradictions. Since the claim originates from verifiable SHFE warehouse data rather than unsubstantiated rumor, the likelihood that SHFE gold inventories indeed reached 104 tonnes is high. Minor uncertainty remains because the record level is reported through intermediaries rather than directly quoted from an official SHFE statement, hence a small probability of misinterpretation, but overall evidence consistency and authority of primary data justify a high confidence rating.