Reported 7 months ago
Despite high prices, Asian consumers continue to show interest in buying gold, driven by geopolitical uncertainty and economic risks. Attendees at a precious metals conference in Singapore are optimistic about the demand for gold in the region, especially in China, where it is a popular savings tool. The growth of gold demand in Asia is expected to continue, with some softening in India but strong consumption in smaller markets like Vietnam. However, there may be a need to temper bullishness in the long term as geopolitical stability post-elections may affect demand.
Source: YAHOO