Asia's Demand Fuels Gold Price Surge, Says Julius Baer Gold prices have surged due to strong demand from Asia, with futures rising from $2,052 to $2,360 over three months. Julius Baer attributes this increase not to overall demand growth, but to regional shifts and a greater willingness to pay, especially in China. The Chinese central bank has significantly contributed to this demand, driven by economic and geopolitical motives, including reducing reliance on the US dollar. Julius Baer also holds a positive outlook on silver. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Powell Warns of Extended High Interest Rates in Face of Persistent Inflation READ MORE Weak U.S. Jobs Report Boosts Gold Prices As Many Speculate About Fed Rate Cuts READ MORE Potential Layoffs Ahead as Companies Brace for Interest Rate Hikes READ MORE Gold Prices Rebound Amid Rate Cut Speculations and Data Focus READ MORE Gold's Price Could Soar to $2,600, Predicts Top Market Analyst READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment