Gold Sales Booming in China Despite Price Surge
China News
September 13, 2023
Gold sales continue to surge in China, even in the face of significant price increases. In Guangzhou, a southern Chinese city, gold stores are bustling with buyers, despite gold prices hovering at approximately $80 per gram. This trend is expected to persist as global gold prices are projected to rise further in 2024 due to tapering interest rates and growing concerns about a potential recession, solidifying its status as a safe-haven asset.