Gold Extends Record Run as Asian Markets React to Fed Uncertainty

Asian Safe Haven Flows

With the Lunar New Year approaching in mid-February, physical demand in China is surging. This seasonal buying is colliding with structural safe-haven flows, creating a squeeze on available physical bars in Shanghai and Hong Kong.

Central Bank Floor

The People's Bank of China (PBOC) reportedly added another 15 tonnes to its reserves over the weekend, continuing a 26-month buying spree that provides a relentless floor under the gold price.