Gold has long been considered a way to store value, and demand for it spiked in Asian markets in the early days of the pandemic. Photo: Reuters
Gold has long been considered a way to store value, and demand for it spiked in Asian markets in the early days of the pandemic. Photo: Reuters
Singapore

Lunar New Year Chinese visitors to Singapore, Hong Kong help revive gold post-Covid

  • ‘We have seen an increase in visitors … certain Chinese customers, who have not been buying from us for a long time, have resumed’, one trader said
  • Gifts of gold at Lunar New Year are thought to bring luck to both giver and receiver. China is the biggest consumer and producer of the precious metal

Gold has long been considered a way to store value, and demand for it spiked in Asian markets in the early days of the pandemic. Photo: Reuters
Gold has long been considered a way to store value, and demand for it spiked in Asian markets in the early days of the pandemic. Photo: Reuters
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