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VOA Mandarin: Amid economic uncertainties, gold price breaks record in China


FILE - An employee arranges gold jewelry in a display case as her arm is reflected in the mirror, at a gold shop in Wuhan, Hubei province, Aug. 25, 2011.
FILE - An employee arranges gold jewelry in a display case as her arm is reflected in the mirror, at a gold shop in Wuhan, Hubei province, Aug. 25, 2011.

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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