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 JPMorgan Bullish on Gold: $2,500/oz Target READ MORE Consumer Confidence Dips: Retail Sales See Unexpected Decline in January READ MORE Gold's Stellar Month Tipped by Fed's Monetary Hints READ MORE Gold Faces a Lackluster January with a Close Eye on the Fed READ MORE Gold Finds Support at 50-Day EMA, Eyes Gradual Rebound READ MORE Add a Comment Cancel replyYour email address will not be published.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