Expert: Private sector purchases key force supporting gold prices
chinadaily.com.cn |
Updated: 2026-01-12 19:16
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Gold broke through the $4,600 per ounce barrier for the first time on Monday. During the 30th China Capital Market Forum (2026), Guan Tao, global chief economist of BOCI China, told #ChinaPerspective that private sector gold purchases have been a main driving force of the repeated record highs for the precious metal. He also noted that while short-term volatility is possible, there is still upside potential for gold prices overall.
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