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Asian central banks, consumers flock to gold amid currency weakness, macro uncertainty

by Riah Marton
in Technology
Asian central banks, consumers flock to gold amid currency weakness, macro uncertainty
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GOLD prices have hit new highs in recent months, but several countries are still on a gold-buying spree as demand for the precious yellow metal has soared despite higher prices.

The unprecedented rate of purchases by central banks, both regionally and globally, is set to continue amid macroeconomic uncertainty, market watchers said. 

But with the additional burden of currency weakness plaguing countries in South-east Asia, the region could top the charts in terms of central bank purchases and consumer demand. 

Tags: AsianBanksCentralConsumersCurrencyflockGoldmacroUncertaintyweakness
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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