NYT: China Buying Gold Like There’s No Tomorrow
China Is Buying Gold Like There’s No Tomorrow
The global price of gold has reached its highest levels as Chinese investors and consumers, wary of real estate and stocks, buy the metal at a record pace.
By Daisuke Wakabayashi and Claire Fu
Reporting from Seoul
May 5, 2024, 12:00 a.m. ET
As gold surged this year to its highest price ever, Xena Lin joined the f…