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 Gold's Bullish Momentum: Setting the Stage for 2024 Amid Economic Uncertainties READ MORE Could the Chinese Yuan Overtake the US Dollar? READ MORE Record Start to 2024: Companies Ramp Up Share Repurchases READ MORE Jackson Hole Symposium: Powell's Speech to Signal Fed's Rate Cut Strategy READ MORE The Paradox of Gold: Prices Soar While Retail Investors Step Back READ MORE Add a Comment Cancel replyYour email address will not be published.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