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 Fed's Hesitation on Rate Cuts Sends Oil Markets Downward READ MORE Consumer Prices Cool: Inflation Hits 2.9% in Latest Report READ MORE Gold Wavers as U.S. Economic Slowdown Spurs Rate Cut Speculation READ MORE BOJ's Mixed Signals Leave Traders Puzzled READ MORE China's Price Plunge: Fastest Consumer Cost Drop in Over a Decade Signals Economic Woes READ MORE Add a Comment Cancel replyYour email address will not be published.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