Schroders sees an ‘aggressive bull case’ for gold, as the setting of the gold price has moved to the East, while there is little interest in the precious metal or gold equities in the West.

‘Chinese households are turning the firepower they hold towards the gold market,’ said Schroders senior fund manager for commodities and emerging markets debt James Luke during a webinar.

‘[Chinese] people no longer want to put money into property, and Chinese equities and gold have come to the fore,’ Citywire + rated Luke (pictured below) said.