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 JP Morgan: Is It a Golden Era for Gold? READ MORE Fed's Focus Shifts: Slowing Quantitative Tightening is Key READ MORE UBS Analysts: Gold Market Not Overextended Despite Record Prices READ MORE Powell Signals No Rate Hike Despite Persistent Inflation READ MORE Fed's Rate Strategy for 2024: Stability Over Cuts, Says One Wall St Analyst READ MORE Add a Comment Cancel replyYour email address will not be published.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