China's Gold Dilemma: Rising Prices and Falling Jewelry Demand China recently held a gold conference that highlighted significant challenges in its gold market, including a slight increase in domestic gold production and a notable decline in jewelry consumption due to rising prices. While gold imports surged, the People’s Bank of China has not made recent purchases, raising questions about its future buying strategy. The report indicated that overall gold consumption fell by 5.61% year-over-year, with jewelry purchases plummeting by 27% in the first half of 2024. Despite these challenges, investment in gold bars and coins increased, reflecting ongoing interest amid economic uncertainty. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Successful Newcrest bid would extend US Newmont’s lead as world’s largest gold producer READ MORE Small Business Bankruptcy Relief Shrinks as Subchapter V Expansion Expires READ MORE Powell: Fed May Cut Rates Before Inflation Hits 2% Target READ MORE Royal Mint Reports 7% Growth in Investor Numbers, Driven by Gold Demand READ MORE Yahoo Finance Chartbook: 10 Charts That Show the Economic Forces Staving Off Recession READ MORE Add a Comment Cancel replyYour email address will not be published.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