Gold's Meteoric Rise Fueled by Unstoppable Chinese Demand
Gold's remarkable surge to record highs of over $2,400 an ounce this year has been a focal point in global markets, with China playing a pivotal role as both the world's leading producer and consumer of this coveted precious metal. The geopolitical tensions escalating in the Middle East and Ukraine, coupled with the anticipation of lower US interest rates, have propelled gold's appeal as a safe-haven investment. However, it's the relentless Chinese demand that's driving this rally, with retail shoppers, fund investors, futures traders, and even the Chinese central bank turning to gold as a dependable asset in these unpredictable times.
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