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Protests in China stir increased safe-haven demand

Extraordinary scenes in China have created a surge of safe-haven demand for gold this week. People across China have taken to the streets in protest against more than three years of Covid lockdowns, with residents in major towns and cities including Beijing calling for the resignation of President Xi Jinping and the restoration of their freedom.

Footage of rare violent clashes with police have been beamed across news outlets around the world, with many observes describing the scale of disturbance as something not seen since the 1989 Tiananmen Square demonstrations.

Complicating the issue is a run of daily records for new infections, with rulers adamant that their Zero-COVID policy will stay, and citizens tired of endless lockdowns and isolation demanding a return to normal life.

Safe-haven demand pushed the gold bulls to a Tuesday high of £1,465 ($1,773). Don’t delay. Buy now.

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