Recent all-time highs have left investors wondering if the price of gold can keep on climbing. While concerns about the falling dollar and euro are big factors driving the price upwards, something more profound is also afoot.
Demand for gold is expanding in emerging markets such as India and China, and if that becomes permanent some are asking if this could shift prices into a higher trading range for good.
Earlier this year when China’s central bank move to liberalise the local gold market, allowing Chinese banks to trade the metal on the global market and advertise gold-related investment products for local individual investors, gold prices rose on the news.
No comments:
Post a Comment