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Surge in China’s Demand for Gold Is Slowing as Economy Stumbles
The jitters affecting the world’s second-biggest economy are starting to feed through into China’s gold market. Source: Bloomberg: Published Jun 19, 2023 • 2 minute read (Bloomberg) — The jitters affecting the world’s second-biggest economy are starting to feed through into China’s gold market. Article content A surge in purchases by Chinese residents, driven by pent-up demand…
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Gold appealing to younger family office investors amid market volatility
Source: CRAIN CURRENCY | Marcus Baram Jun 15, 2023 KRISTINA RUOTOLO For centuries, gold has retained an allure as a safe-haven asset, especially during times of turbulence and market volatility. Family offices and ultra-high-net-worth investors — using gold as part of their asset diversification strategy — have recently helped boost its price, which has increased…
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Gold can overcome near-term headwinds
Source: UBS CIO Daily Updates by Chief Investment Office08 Jun 20233 min read Thought of the day The price of gold has remained under pressure following the stronger US employment report supporting expectations that the Federal Reserve will “skip” rather than ending hikes at its policy meeting next week. The potential for higher rates over coming months,…
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