Demand for Chinese gold ETFs surged, adding RMB13bn (+US$1.8bn, +21t) in October, the largest monthly inflow ever.

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Total gold demand gained 5% y/y to 1,313t – a record for a third quarter. Global gold ETF inflows were a major driver of growth. Click to read.

Gold prices may rise to $2,800 per ounce by year-end and could even reach $3,000 next year, according to recent estimates by financial services provider UBS. Factors driving gold price hikes include ...