Gold demand surges in Hong Kong ahead of Lunar New Year
As gold and silver prices hold near record highs, dealers in Hong Kong say demand is surging ahead of Lunar New Year. Retail clients are snapping up small bars and...
By Bloomberg Markets · Bloomberg Markets
As gold and silver prices hold near record highs, dealers in Hong Kong say demand is surging ahead of Lunar New Year. Retail clients are snapping up small bars and coins as gifts, while trading volumes have soared compared with last year. But supply constraints, especially in silver, are raising concerns about whether the momentum can last. (Source: Bloomberg)