Chinese gold trading activity explodes 📈

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 🥇

But why is this happening? Here are the main reasons 👇

• Anticipation of Fed rate cuts has boosted gold's appeal as a non-interest-bearing asset.

• Geopolitical tensions in Eastern Europe and the Middle East have reinforced gold's safe-haven status.

• China's central bank has been accumulating gold rapidly in recent years.

• Private and institutional demand for gold has risen sharply, partly due to concerns about the weakening property sector and sluggish economic growth. 

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