Gold purchase wave in China after the increasing war

China was a sharp leap in gold trading last week with the score at successive standard levels and the increase of China -American trading tension. The Shanghai Futures Stock Exchange recorded the highest trading volume of precious metal over the past week, amid raising the activity of investors and the industry concerned – such as refineries, traders and divisional traders – in light of acute fluctuation in global markets as a result of commercial policy changes in China and the United States. Golden hedging of an increasing trade war is becoming increasingly popular among investors using safe havens amid the increase in the trade war between the two largest economies in the world. “Goldman Sachs” expects the precious metal price to reach $ 4,000 per gram next year, a rise of about $ 25% from its current levels, powered by a wave of central banks and the fear of economic recession. The purchase attack in China led to the trading of gold locally with a bonus of about $ 20 per gram above world prices, in a transformation of its circulation by pulling off most of the past year when local demand was weak, according to the “Bloomberg” accounts. The Chinese Central Bank bought about 2.8 tonnes of gold in March, in the fifth monthly increase in a row, and the increasing world tension may pressure it to increase its metal purchases. In 2019, the Chinese People’s Bank added more than 100 tonnes to its gold reserves after the decline of the relationship with the United States during the first term of President Donald Trump. The demand for gold products that became the traded boxes on the golden stock exchange in a traditional market in a traditional market to raise the real metal, and the flow to the local traded funds, led by individual investors, recorded record numbers week after week, as was the last week ($ 1.7 billion), which was twice. Aaron Chan, the gold strategy at Stet Street Global Advisers, said the demand base of the multi -layer helps to support the stability of gold prices, even in the light of external fluctuations. He added: “This request is characterized by lower speculation, as it is strategically and culturally rooted, which means it is more continuous and flexible.” “A large part of the high price comes locally from the demand for investment alloys, flows to the traded boxes and the gold collection plans provided by banks, which are investment products that enable individual investors to collect gold regularly. Wu added: ‘Investors still prefer gold as a safe and diversified origin for their long -term -governor, in light of the exposure of bonds and the venue for pressure or a strong, ongoing demand for constant demand for a constant demand for an lead. Strong in China, as political fluctuations in the United States create a greater lack of certainty. This is at the heart of the trade war. “Menon added:” The desire to reduce exposure to the United States can pressure China. To buy more gold to improve its reserves.