Expert: Private sector purchases key force supporting gold prices
chinadaily.com.cn |
Updated: 2026-01-12 19:16
Share
Share - WeChat
Gold broke through the $4,600 per ounce barrier for the first time on Monday. During the 30th China Capital Market Forum (2026), Guan Tao, global chief economist of BOCI China, told #ChinaPerspective that private sector gold purchases have been a main driving force of the repeated record highs for the precious metal. He also noted that while short-term volatility is possible, there is still upside potential for gold prices overall.
- Chinese scientist elected chair of UN commission
- Mideast tensions could increase costs for China's agricultural sector, expert says
- 7.5-magnitude earthquake strikes off Japan, no impact on China coast
- China opens citrus labs with Brazil and Montenegro in Chongqing
- Centuries-old Dong singing festival celebrates ethnic traditions in Hunan
- Chinese scientists discover new diatom species in Shanghai
