Gold Prices Inch Higher Amid Strong Physical Demand
Asian trade sees gold prices rise, supported by robust physical demand and central bank purchases, according to ANZ.
Business & Markets • 3 months ago
Gold prices experienced a slight increase in Asian trade on Tuesday. The precious metal's market is currently being underpinned by persistent physical demand, particularly from China, and ongoing purchases by central banks, according to a note from ANZ.
This sustained demand for physical gold, coupled with significant buying activity from monetary authorities, provides a foundational support for current market prices. The trend suggests a continued investor and governmental interest in gold as a store of value.