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 Market Awaits Inflation Data as Gold Prices Rise READ MORE Record Gold Rally Hits Pause as U.S. Treasury Yields Climb READ MORE Bitcoin: A Complement to Traditional Safe Havens like Gold and Silver READ MORE How Much is My Gold or Silver Worth? READ MORE Zimbabwe's State Miner Seeks $150M Investment to Boost Gold Production at Shamva READ MORE Add a Comment Cancel replyYour email address will not be published.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