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Gold remains popular investment option amid global uncertainties: analysts

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      China

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      Gold remains popular investment option amid global uncertainties: analysts

      2025-02-08 17:05 Last Updated At:02-09 00:27

      As gold prices continue to rise and global demand increases, experts predict that gold will remain a popular investment option, especially amid ongoing economic and geopolitical uncertainties.

      Chinese consumers' appetite for gold products remained strong throughout the weeklong Spring Festival holiday, which ended on Tuesday, and the momentum has continued even after the holiday.

      At the Shuibei market, a gold jewelry manufacturing and trading hub in the south China metropolis of Shenzhen, a sales representative said that, on average, five to 10 groups of customers visit their store daily to purchase gold jewelry.

      Meanwhile, a flagship store of Caibai Jewelry, a leading gold retailer in Beijing, has recently been bustling with consumers -- some trying on and purchasing items, while others inquired about the prices of gold bars.

      "I want to stock up some gold at home, as I quite like it. I usually buy a few grams each year, generally under 10 grams, just to save a little," said Li Yaci, a customer.

      Rising international gold prices have led to an increase in the retail prices of gold jewelry. Since the beginning of the year, the average retail price of gold jewelry in China has risen from 779 yuan (about 106.88 U.S. dollars) per gram to over 830 yuan (about 113.88 U.S. dollars) per gram by Feb 6, with some brands even surpassing 860 yuan (about 117.99 U.S. dollars) per gram.

      According to the latest report from the World Gold Council, global demand for gold reached a new record in 2024, totaling 4,974 tons, a 1.5-percent increase from 2023.

      Experts attribute this rise in demand to a mix of geopolitical conflicts, economic uncertainties, and increasing gold reserves by central banks worldwide. Additionally, central bank monetary policies are also influencing gold prices.

      Experts recommend that consumers looking to invest in gold explore options beyond purchasing jewelry, such as funds, gold bars, and gold mining stocks. Each investment method has its own advantages and risks, so consumers should carefully consider their financial situation before making a decision.

      "For ordinary investors, it's impossible to buy gold at the lowest point. Therefore, by gradually purchasing gold in batches, they can average out the price over time," said Li Yang, senior gold investment analyst at Caibai Jewelry.

      Gold remains popular investment option amid global uncertainties: analysts

      Gold remains popular investment option amid global uncertainties: analysts

      Next Article

      New cross-border railway to enhance connectivity between China, Mongolia: FM spokesman

      2025-05-15 23:24 Last Updated At:05-16 02:17

      The new China-Mongolia cross-border railway is expected to serve as a new bridge for boosting connectivity between the two countries, Chinese Foreign Ministry spokesman Lin Jian said in Beijing on Thursday.

      China and Mongolia held a groundbreaking ceremony on Wednesday to mark the official launch of construction on the Gantsmod–Gashuunsukhait rail project, which will be the second cross-border rail link between the two countries.

      Lin said at a regular press briefing that the railway would inject new momentum into the development of China-Mongolia bilateral relations.

      "On May 14, China and Mongolia held a ceremony to mark the official groundbreaking of the Gantsmod-Gashuunsukhait cross-border railway, which is the second cross-border railway between the two countries. Expanding cooperation in key areas such as economy and trade, energy, mining and connectivity is an important common understanding between President Xi Jinping and Mongolian President Ukhnaa Khurelsukh. In February this year, Premier Li Qiang and Mongolian Prime Minister Luvsannamsrai Oyun-Erdene jointly witnessed the exhibiting of the cooperation agreement on the Gantsmod-Gashuunsukhait railway and coal trade," said Lin.

      "The construction of this cross-border railway is not only a concrete step of implementing the important common understanding between the presidents of the two countries, but also an important action to synergize the Belt and Road Initiative and Mongolia's Steppe Road Program. We hope this railway will serve as a new bridge for China-Mongolia connectivity, fostering deeper development integration, promoting industrial synergy, and expanding visits and exchanges, thereby injecting new impetus in to the building of a China-Mongolia community with a shared future," he said.

      New cross-border railway to enhance connectivity between China, Mongolia: FM spokesman

      New cross-border railway to enhance connectivity between China, Mongolia: FM spokesman

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