Asia family offices pile into gold as hedge against market turmoil

Family offices in the Asia Pacific region have been among major buyers of gold over the past year, ramping up allocations to the precious metal as a hedge against market uncertainties. The region’s growing appetite has been led by investors in China, Japan, and India, who have fuelled the 24% surge in gold prices in the last 12 months. “The real change, aside from central banks, in my experience, has been coming from high-net-worth individuals (HNWIs) and family offices,” said J…