Hong Kong’s jewelry shops are experiencing a surge in activity as gold prices hit new record highs this week.
While many residents rush to sell their gold for substantial profits – up to 63% for those who bought in October 2023 – others, particularly mainland Chinese couples planning weddings, are buying despite high prices.
Some analysts now predict gold could reach $3,400 this year, driven by central bank buying and inflation concerns.
Original Source: SCMP.com
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