The Shanghai Gold Exchange has reported record volumes of investment in the yellow metal, it has been reported.
According to the Comtext news network, the bourse – along with the Shanghai Futures Exchange – has seen increasing investment activity surrounding gold as its prices has risen throughout the world markets.
Capital Gold Group, in association with HSBC, is in the midst of negotiating a Financial Advisors Gold programme involving the delivery and storage of bullion in Asia. The group’s Asia Gold Tour consists of associated agents from Asian countries and aims to enhance the trading opportunities for investor grade gold in emerging economies, reports Comtext.
The news provider notes that bullion has hit all-time highs on the exchanges with investors in China and Asia flocking to physical gold as a hedge against inflation within the red hot Chinese economy.
Bloomberg notes that the precious metal is up six per cent this year.
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