Physical Gold Responds to Gold Prices Rising on China Demand

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Leading UK gold dealer, Physical Gold, has responded to a rise in gold prices following rising demand from China.

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Demand is so high that suppliers are struggling to meet demand, with premiums for gold bars hitting record highs in Asia last week as a rush for bullion put stress on gold supplies.

Gold prices increased on Wednesday following strong demand from China, with lower gold prices luring physical gold buyers across Asia.

Demand is so high that suppliers are struggling to meet demand, with premiums for gold bars hitting record highs in Asia last week as a rush for bullion put stress on gold supplies.

Spot gold rose 0.4% to $1,385.29 an ounce on Wednesday morning as demand continued.

A spokesperson from Physical Gold said:

“Asia has been a strong buyer of gold and has made use of the lower gold prices of late, boosting demand and strengthening gold again. Gold investment continues to be a safe hedge against inflation, especially in times of global economic difficulty. Gold can help form a balanced portfolio and provides added security alongside other investments.”

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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