Chinese buyers and sellers expect gold rush to continue despite record prices - BNN Bloomberg
Original article ↗B.I.A.S. ANALYSIS
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Signal breakdown
Heuristic (v1/v3)
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Rolling outlet bias
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avg -0.031
3,173 articles tracked
7-day bias trend
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Article Excerpt
With gold prices setting new all-time highs this week, customers have been cramming into stores in Shanghai and Hong Kong that sell the precious metal, with some betting the price could rise even further.
“There are still quite a lot of people buying it, because gold awareness is a long‑term trend and it’s still heading upwards," gold seller Zhao Jinhao said on Tuesday at a jewelry mall in Shanghai.
“It’s risen from just over 20 yuan back in the 1980s to more than a thousand yuan now, and it has been on an upward trajectory the whole time.”
Gold prices surpassed $5,100 per ounce on Monday a…
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