High Prices Drive up Demand for Investment Gold in China

There’s a gold rush in China! As the precious metal continues to gain value, shoppers continue to buy it. According to data from the China Gold Association, the country's gold consumption exceeded 303 tons in the first quarter of this year, just over four percent more than last year. The real change is the kind of gold people are buying- not jewelry but investment bars and coins- which have seen a 46 percent surge since last year. Shoppers at the Shuibei gold jewelry manufacturing and trading market in southern China’s Shenzhen agree. In Beijing, banks are seeing a surge in gold bar sales. Still other clients are buying gold subscriptions or shifting their funds toward gold-related wealth management products and investments. This year, gold prices have fluctuated sharply, with the spot gold price once peaking at nearly 5,600 U.S. dollars per ounce. Welcome to subscribe us on: Facebook: https://www.facebook.com/NewsContent.CCTVPLUS Twitter: https://twitter.com/CCTV_Plus LinkedIn: https://www.linkedin.com/company/cctv-news-content Instagram: https://www.instagram.com/cctv_video_news_agency/ TikTok: https://www.tiktok.com/@cctv_plus Video on Demand: www.cctvplus.com If you are in demand of this video footage, please contact with our business development team via email: [email protected], [email protected]