Gold prices reached an all-time high on Tuesday, after U.S. President Donald Trump’s tariffs on Canada, China and Mexico added to concerns about inflation that could dent economic growth. On Chinese social media, “gold price” has become the most talked-about topic during the Chinese New Year holidays. Why is gold so valued in China? Have investors’ lack of confidence in real estate and the stock market been pushing the prices up? How long will this trend last?
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