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Updated 01:58 22/09/20

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Chinese demand to underpin gold price

Duncan Richardson, News Editor
15 Jan 2014, 11:38 a.m.

Toby Lewis, investment strategist at Citibank is predicting that continued strong demand by Chinese buyers will support the gold price in 2013 as investment demand declines. “We expect support for the gold price to be driven by Chinese physical demand increasing later in the year,” Mr Lewis said. “Investor demand is likely to remain subdued throughout the year as demand for a safe haven from financial crises and demands for inflation protection are likely to be much lower.”

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