Analyst: Gold Demand From China Continues Supporting the Bull Market.
Jan Nieuwenhuijs, a gold market analyst, has assessed the state of the gold market, reporting that growing demand from both the private market and the People’s Bank of China (PBOC) has been instrumental in the rise of gold prices. Chinese private investors purchased 543 tonnes during Q1, while the PBOC acquired 189.
 

 Gold demand in China stems from its cultural and financial value . The yellow metal is expected to remain attractive to both Chinese and global investors due to uncertainties in the growth of major economies and potential interest rate cuts by the Federal Reserve. Central bank purchases, including those by China, Poland, and Singapore, have also supported the price of gold