Chinese gold trading activity explodes đ
With gold trading close to its ATH price, China's gold trading volumes have seen a huge surge, which is a very positive development for the precious metal đ„
But why is this happening? Here are the main reasons đ
âą Anticipation of Fed rate cuts has boosted gold's appeal as a non-interest-bearing asset.
âą Geopolitical tensions in Eastern Europe and the Middle East have reinforced gold's safe-haven status.
âą China's central bank has been accumulating gold rapidly in recent years.
âą Private and institutional demand for gold has risen sharply, partly due to concerns about the weakening property sector and sluggish economic growth.Â
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