Young Chinese favour gold as an investment


The trend underscores heightening uncertainty about growth prospects in the economy. — Reuters

SHANGHAI: Gold buyers in China are getting younger as a property market downturn, weakening stocks and currencies, and low bank deposit interest rates have left them with dwindling options to save for rainy days in a sputtering economy.

The trend underscores heightening uncertainty about growth prospects in the economy, which has not recovered from Covid-19 lockdowns as fast as consumers and job hunters expected.

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