Physical Gold Responds to Gold Prices Up on Demand from China

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Leading UK gold dealers, Physical Gold, have responded to news that gold prices are up on demand from China and strain on the physical market.

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Gold is also being supported by the physical market, which remains tight given a recent surge in demand for gold bars and coins after prices dropped in mid-April.

Gold prices were up on Wednesday after surging gold demand from China pushed prices higher, with China’s net gold imports from Hong Kong hitting a record in March and the prospect of surging demand in coming months expected to give bullion further support - reports Reuters.

Gold is also being supported by the physical market, which remains tight given a recent surge in demand for gold bars and coins after prices dropped in mid-April.

With the demand continuing, premiums remain at high levels, with gold at $1,454.21 an ounce this morning.

A spokesperson for Physical Gold said:

“The recent huge demand for physical gold has seen gold investment reach such levels that gold dealers have reported shortages in gold bullion coins and bars. While this demand continues and investors rush to make the most of lower prices, we should see gold prices continue to do well. It is well worth making use of these prices now, even if you do have to wait a few weeks for gold delivery, as continued demand could see gold prices rise further.”

Physical Gold Ltd is a leading UK gold dealer, helping investors diversify their portfolios with innovative investment solutions. Renowned for their ground breaking products such as the Sipp gold and Gold Accumulation Account, the firm specialise in providing customers with tailored assistance in sourcing the best gold for their personal requirements. Based in London, the team are BNTA accredited and have an unrivalled knowledge of the gold market as well as an exceptional understanding of the general financial markets.

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Dan Fisher
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