From Investing.com: 2024-05-11 05:02:02

China’s demand for gold remains strong, boosted by positive sentiment and cautious optimism. UBS analysts note a preference for buying on dips in prices. Despite concerns about rapid price increases and macro correlations, Chinese investors are optimistic about gold’s long-term prospects. Q1 gold imports were robust, but central bank purchases declined significantly.



Read more at Investing.com: China is buying a lot of gold. UBS explains why By Investing.com