The global gold market is undergoing a significant shift as President Trump's trade wars lead to heightened economic uncertainty, particularly in China. Chinese investors, reacting to fears of financial instability, are scrambling to purchase gold, only to find that banks have completely depleted their retail supplies. Major banks like Industrial and Commercial Bank of China and Agricultural Bank of China report critical shortages of gold bars, while retail stores are selling out fast, creating a state of panic among consumers. This unprecedented demand for gold as a safe-haven asset is driving prices higher, indicating a lasting impact on the market.
Retail investors in China face a shortage of gold as banks exhaust their supplies, driven by panic buying amidst escalating trade tensions and economic uncertainty.
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