The article states that the price of physical gold has been trading at a premium in China, the world’s biggest consumer of the commodity.
Elsewhere, demand for gold jewellery has also rebounded in India, where imports hit a near two-year high in March of 98.6 tonnes.
They added “The appearance of global spikes in government debts or inflation concerns further increase the importance of gold in national strategy as a safe-haven asset and as a store of value,”.
Gold is trading nearly 4% higher than the low seen on 8th March and some analysts and market commentators think this could be the start of a new rally.