If it’s not one gold fever, we’re almost there. In China, a country that alone represents about a fifth of global sales of the precious material, something strange is happening. Or at least something new compared to the recent past.
Yes, because if until a few years ago it was usually older people who grabbed gold (mostly middle-aged women eager to buy large bracelets or add something to their savings), today the shops beyond Muraglia witnessed a high number of youngoften in their twenties, interested in “golden negotiations” previously unknown or almost unknown to them.
In recent days, meanwhile, the price of gold has exceeded the level of for the first time $2,300the wave. The reason, according to analysts, would depend on a mix of three factors: geopolitical issues, expectations of a cut in US interest rates and, indeed, the accumulation of this metal by China. […]
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