Huileng Tan22 Apr 2024, 18:35
Record-high gold prices driven by global uncertainties and central bank rate cuts lead to increased Chinese demand, with China overtaking India as the top buyer. Economist Georgette Boele advises caution amidst the price surge. China's economy isn't in a great place and its currency is floundering. The tumult is sending prices of gold, considered a safe-haven asset, skyrocketing.