China’s gold bar and coin demand rose 68% on the year in the first quarter.
© Reuters
TOKYO — Gold prices have soared to record highs on the arrival of an unexpected group of buyers: retail investors in China.
“Speculative investors have led most of the past rallies,” said Tsutomu Kosuge, president of Tokyo-headquartered commodity research firm Marketedge. “The historic March-April rally is an unusual example of physical demand from China pushing the market higher.”
