Gold Tops $4400 as China's Investment Demand Keeps Growing - BullionVault
Gold Tops $4400 as China's Investment Demand Keeps Growing - BullionVault
Source: BullionVault
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DW NOTE
Gold ran to $4,419 this week — up 32% year-over-year — but that's still 17% below the January high of $5,318. The rally isn't new conviction; it's delayed recognition. The Strait of Hormuz has been effectively closed since August, 2,000 ships sit stranded in the Gulf, and China's investment demand is rising into a supply shock that was announced four months ago. Markets don't front-run crises anymore; they chase them.