Gold demand surges in Hong Kong ahead of Lunar New Year
Market Intelligence Analysis
AI-PoweredGold demand is increasing in Hong Kong ahead of Lunar New Year, driven by retail clients buying small bars and coins as gifts, despite supply constraints in silver.
Market impact analysis based on bullish sentiment with 80% confidence.
Article Context
As gold and silver prices hold near record highs, dealers in Hong Kong say demand is surging ahead of Lunar New Year. Retail clients are snapping up small bars and coins as gifts, while trading volumes have soared compared with last year. But supply constraints, especially in silver, are raising concerns about whether the momentum can last. (Source: Bloomberg)
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