Chinese pay premium prices for gold as economic outlook dims

Weak yuan also driving up demand for precious metal

20231212N Gold

Increased demand in China is helping to buoy international gold prices. © Reuters

MOMOKA MATSUMOTO, NORIYUKI DOI and HIROKI MASUDA, Nikkei staff writers

TOKYO/SHANGHAI -- Strong demand in China has pushed the price of gold there above an international benchmark as investors worry about the economy and currency.

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