Chinese Consumers Cool on Gold — Central Bank Demand Remains Strong China, traditionally a major consumer of gold, is showing signs of weakening demand for gold jewelry, as evidenced by recent data and industry reports. This trend is attributed to rising gold prices and consumer resistance to higher costs. Despite this decline in consumer demand, central bank purchases of gold remain strong, contributing significantly to gold’s price performance in recent years. The shift in Chinese consumer behavior towards gold jewelry contrasts with the country’s continued strategic interest in gold as a reserve asset. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Amazon Gold Bust: Brazilian Police Uncover Massive Illegal Mining Operation READ MORE Biden Has Forgiven $136 Billion in Student Debt – More Could Be on the Way READ MORE Governor Waller Opens Conference on U.S. Dollar's Global Role READ MORE U.S. Jobless Claims Hold Steady, Suggesting Strong Labor Market READ MORE Zimbabwe Will Attempt to Create Gold-Backed Currency READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment