Chinese Households Are Buying Gold’s Dip as Prices Test US$4,000
4 Articles
4 Articles
Chinese Households Are Buying Gold’s Dip as Prices Test $4,000
Chinese households’ appetite for gold has grown over the past two months as prices soften and onshore equities lose their shine, providing support at a time when bullion is testing $4,000 an ounce.
The decline in the price of gold in China has increased interest in buying the precious metal among the population. Against the backdrop of stagnation in the real estate market, falling stock prices and low profitability of bank deposits, investors are observing that citizens prefer gold to protect their savings. Banker.az reports that Bloomberg agency published information about this. According to the agency, gold is worth 4 […]
Chinese household interest in gold has increased over the past two months as prices have fallen and domestic equities have lost appeal. This has provided support during a period when gold prices tested $4,000 per ounce.
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