China’s Banks Struggle to Meet Gold Demand as Investors Hedge Against Market Risks
Chinese banks are running out of gold products as retail investors flock to gold as a hedge against macroeconomic instability.
Rising gold prices, coupled with concerns about a potential trade war, have driven demand for retail-friendly gold bars. Major banks like ICBC and Agricultural Bank of China have sold out of popular sizes, with only limited stock remaining. Retail gold stores also report shortages.
Experts, including the World Gold Council, predict that gold will continue to serve as a safe haven amidst growing geopolitical and economic uncertainty.
Clever Robot News Desk 16th February 2025
