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"For gold company transactions, acquisition prices, relative to the prevailing gold price, were on average at the lowest level since 2011 and the second lowest since 1998," it said. The bank said it sees production profiles under pressure and reserves in decline after years of underinvestment.

"Growth pace of the broader measure of credit is gradually getting closer to the nominal GDP growth rate," a crucial change that reflects effective deleveraging, according to Xing.

"Fundamental demand" of office leasing in Beijing was outlined by the JLL report as the steady and reliable market demand from large enterprises, whereas emerging enterprises that are actively expanding dominate the "momentum demand".

"For example, if we wind up with this pandemic rooting itself in India or in Sub-Saharan Africa, we're going to need everybody to try and help figure it out," he said. "We have to do this not just because it's the nice thing to do but because it's an absolute necessity — or we're going to have such a terrible impact and burden of this kind of illness, and it's going to lead to so many millions of deaths."

"Gold is the best safe haven amid rising global uncertainties as it offers extremely high returns and is easily tradable," said Huo Songling, secretary to the executive board of China National Gold Group Co Ltd, a centrally State-owned firm engaged in the mining and refining of gold, silver, copper, and molybdenum.