China’s gold demand picks up, lacklustre in other hubs

Reuters/Harshith Aranya and Rajendra Jadhav

photo of China market gold bullion bar“Physical gold demand improved in top hub China this week as buyers took advantage of hefty discounts, while activity remained muted in other hubs due to lockdowns and holidays.”

USAGOLD note:  Our own view is that demand in China (and India) is likely to ramp up quickly as restrictions are lifted.  Their coming back on line could add to the physical delivery woes experienced in the West from investor demand, as reported recently by the World Gold Council.

Repost from 5-12-2020

This entry was posted in Today's top gold news and opinion. Bookmark the permalink.