The early Asian session sees gold edging higher due to expectations of increased investor demand according to a research report by Daniel Ghali of TD Securities, “The Shanghai Gold Exchange has accepted four Chinese life insurance companies as members, allowing them to buy gold as part of a pilot program that could expand the network of gold buyers and create a massive new buying impulse.” The senior commodity analyst says that these four life insurers account for roughly two-thirds of the whole potential buying impulse from this trial program and have combined assets of about CNY13 trillion. At $3,021.09/oz, spot gold is up 0.1%.
Supported by Expectations of Growing Investor Demand, Gold Edges Higher – Market Talk
- Date: March 27, 2025
- Time: 8:23 AM
