What's Behind Gold's Record Rally

This news podcast discusses the surge in gold demand in China, particularly focusing on the Shuibei gold market in Shenzhen. The podcast explores the cultural significance of gold in China, highlighting its role in traditions and celebrations, and how this historical context contributes to its enduring appeal. It then analyzes the recent increase in gold purchases by both older and younger generations, driven by economic uncertainty and a desire for a safe haven asset amidst market volatility. The People's Bank of China's significant gold buying spree is also mentioned as a key factor in driving up global gold prices. Finally, the podcast speculates on the future of gold demand in China, considering factors like potential trade wars and US economic policies.