Suche
Mein Konto
New gold rush: China is buying up the market
Find out why China is buying short the gold market and whether joining the boom is worth it. Current developments and opportunities for investors.
New gold rush: China is buying up the market
Gold prices are hitting records despite rising interest rates as sweeping changes, particularly from China, drive demand. This development refutes conventional capital market theory, which states that the price of gold should fall as interest rates rise. China has increased its gold holdings to reduce its dependence on the US, resulting in a redistribution of gold at the expense of US treasuries.
The demand for gold is driven not only by central banks, but also by private investors, who are increasingly finding it easier to invest in the precious metal. Retailers like Costco even offer gold bars in their online shops. Despite the current high gold price, the second largest economy, China, is increasingly relying on gold, while the USA is relying more on technology investments such as artificial intelligence.
The rising gold prices are also influenced by trading on the New York futures exchange Comex. In the long term, inflation-adjusted prices for gold are still below historical peaks, which, together with geopolitical risks, holds further price potential for gold. Analysts are optimistic that gold prices could continue to rise as market sentiment is confident.