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 Global PMI Data Shows Persistent Price Inflation in May READ MORE Gold's Rally Leaves Some Market Experts Baffled READ MORE Gold Breaks Election Year Norms Amid Heightened Global Tensions READ MORE Should I Buy Silver or Gold? Which Performs Best In a Crisis? READ MORE Elite Hedge Fund's GameStop Bet Nets Millions Amid Meme Stock 400% Surge READ MORE Add a Comment Cancel replyYour email address will not be published.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