Asian Gold Demand Surges Despite Near-Record Prices Despite near-record prices, gold demand in Asia is soaring as buyers seek a hedge against geopolitical and economic uncertainties. Spot gold is trading above $2,300 per ounce, up 12% year-to-date and close to its all-time high. Reduced confidence in real estate and equities is driving this demand. Analysts suggest that once economic conditions stabilize, interest in these other investments may return. In Japan and China, investors are particularly bullish on gold, with Chinese gold coin and bar purchases rising 27% in the first quarter. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Yellen says U.S. Economic Performance 'Vindicates' Heavy COVID-Era Spending READ MORE Gold Price hits new All Time Highs amid huge increase in Volatility READ MORE Argentina's $5 Billion Gold Gambit: Reserves Moved for Potential Collateral READ MORE WGC: Is There a January Effect for Gold? READ MORE Housing Costs Defy Inflation Trends, Challenging Federal Reserve's Targets READ MORE Add a Comment Cancel replyYour email address will not be published.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