Can Chinese Dip Buyers Keep Gold Above $4,000?
Chinese households are buying more gold as prices fall, lending the metal support as it slips below $4,000. Weekly volume on a key Shanghai contract just hit its highest level since April. The buying arrives when gold holders could use it. The metal has lost 7.73% since January 1 and faces a Federal Reserve rate The post Can Chinese Dip Buyers Keep Gold Above $4,000? appeared first on BeInCrypto.
Key Takeaways
- Chinese households are buying more gold as prices fall, lending the metal support as it slips below $4,000.
- Weekly volume on a key Shanghai contract just hit its highest level since April.
- The buying arrives when gold holders could use it.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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