• +1 (312) 549-9986

Gold $4,109.35 $(55.85) -1.34% Silver $59.92 $(1.42) -2.32% Platinum $1,639.95 $(72.15) -4.21% Palladium $1,123.15 $(45.39) -3.88%

Young Chinese spurn traditional investments in favour of gold

Young Chinese spurn traditional investments in favour of gold

Dec 6 (Reuters) - Gold buyers in China are getting younger, as a property market downturn, weakening stocks and currency and low bank deposit interest rates have left them with dwindling options to save for rainy days in a sputtering economy.

The trend underscores heightening uncertainty about growth prospects in the world's second-largest economy, which has not recovered from COVID-19 lockdowns as fast as consumers and job hunters had expected...[LINK]

Leave your comment