China buyers lift 'stateless' gold to new highs amid US tensions

Trade friction drives investors away from traditional safe haven Treasurys

20250421N Gold Beijing

Spot demand for gold as a safe haven among Chinese buyers pushed up prices to new highs in April. © Reuters

MIKI KAMIYAMA

TOKYO -- Gold prices marked a third straight trading day of record highs Monday, rising in particular during Asian trading hours as investors in mainland China flocked to a "stateless" asset seen as relatively safe amid rising tensions with the U.S.

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