China’s central bank will produce more than double the quantity of gold Panda coins this year than it had planned, in response to a surge in buying from Chinese investors.
The increase in production was “to meet the needs of collectors”, the central bank said in a statement posted on its website.
Rising inflation in China and other Asian countries has inspired a surge in gold investment this year, according to bullion dealers, as investors turn to hard assets such as precious metals as a means of wealth preservation.
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