Stay updated with breaking news from Robin Tsui. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Central banks, especially China and Russia, are significantly increasing their gold reserves in anticipation of economic instability, inflation, and potential crises in the dollar and sovereign debt.
Robin Tsui is the APAC gold strategist and SPDR gold sales specialist for Hong Kong at State Street Global Advisors, supporting institutional and intermediary sales efforts to increase investor awareness of SPDR Gold ETFs. Prior to joining State Street Global Advisors, Robin was manager, investment product & research, at the World Gold Council, and metals and mining equity research analyst at Bank of China International.
Gold will continue to appeal to asset owners amid economic uncertainty and persistent inflation, according to experts.
Inflation, banking crisis, and a weakening US dollar are putting gold under the spotlight. AsianInvestor asks asset managers if gold prices have hit a peak or if there is more room for prices to rise.
Bullion climbed 0.4% to $1 842.82 an ounce by 9:17 a.m. in London, supported by easing Treasury yields.