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Analysts see 'explosive' gold price potential, citing China's 20-month hoarding streak and South Korea's plan to buy gold for first time in 13 years
This outlook is supported by Beijing's efforts to better connect the Shanghai Gold Exchange to Hong Kong, bolstering the city's ambitions as a trading hub.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
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The Nikkei 225 Index fell 5.76% from its previous close, currently trading at 57,557.09.
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ZEC (Zcash) is up 6.26% over the past 4 hours, currently trading at $1,330.13.
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AUD/USD fell 0.89% from its previous close, currently trading at 0.6946.
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The Shanghai Composite Index fell 1.06% from its previous close, currently trading at 3,650.85.
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Taiwan Stock Exchange Weighted Index fell 6.11% from its previous close, currently trading at 39,032.95.
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Brent crude was up 3.52% from its previous close, currently trading at $98.354.
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South Korea's KOSPI index fell 5.48% from its previous close, currently standing at 5,088.79.
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