Rabbit-shaped lanterns at Xuan’en county in central China’s Hubei province on display for Lunar New Year. Photo: Xinhua
Rabbit-shaped lanterns at Xuan’en county in central China’s Hubei province on display for Lunar New Year. Photo: Xinhua

China’s first gold purchases since 2019 keep bullion bulls upbeat as Citic sees chance of record-breaking run in 2023

  • Citic Securities sees a good chance of gold prices reaching new heights in 2023 as central bank purchases brighten outlook
  • Gold could also halt two years of losses on haven demand as recession, geopolitical risks remain

Rabbit-shaped lanterns at Xuan’en county in central China’s Hubei province on display for Lunar New Year. Photo: Xinhua
Rabbit-shaped lanterns at Xuan’en county in central China’s Hubei province on display for Lunar New Year. Photo: Xinhua
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