| Jewelry demand takes a back seat to demand for coins and bars as a haven from global economic uncertainty. Chinese investors have been snapping up gold bars and coins, overshadowing the usual purchases of gold jewelry and contributing to the metal’s price rise of 16% from six-year lows in December.
Typically, gold purchases in China are strongly associated with jewelry buying around the Lunar New Year holiday, which this year fell in early February. But uncertainty confronting global economies along with forces in Chinese markets have driven up gold demand from a different sort of buyer: the hard-nosed investor...............................................Full Article: Source
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