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 Price Climbs to $2,577.50 as Rate Cut Expectations Grow READ MORE ECB Resists Market Pressure for Interest Rate Cuts READ MORE Gas Prices Could Soar Past Last Year's Rates Amid Refining Woes READ MORE How Much Gold Do I Need To Retire? 1oz Per Month? READ MORE Fed's Favored Inflation Measure May Show Softer Rise Than CPI Suggests READ MORE Add a Comment Cancel replyYour email address will not be published.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