bullish

Gold

Chinese Speculative Activity Driving Gold to Record Highs

255 Views25 Apr 2024 21:51
Despite fading hopes of rate cuts, elevated treasury yields, strikes in India, easing geopolitical tensions, Gold prices continue to set new highs.
What is covered in the Full Insight:
  • Gold prices reach record highs in 2024
  • Collapse of equity and property markets influence speculative trading in gold
  • Chinese institutional and retail investors seek gold as a hedge
  • PBoCs continuous addition of gold to its reserves
  • Divergence in fund flows between US and Chinese gold ETFs
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