From Bloomberg.

Gold prices have been on a rampage, hitting record after record. While driven in part by geopolitical tensions, economic uncertainty and the prospect of lower US interest rates, unrelenting demand from China has also played a big part.

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00:00 Introduction
00:58 Primer on Gold
02:09 Emerging Market Central Banks
03:06 China in Focus
04:12 Who is buying?
05:52 Jewellery fallout
08:26 Gold’s Role in 2025

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