Gold Market at Crossroads: Record Prices Deter Chinese Buyers Gold prices have retreated slightly from record highs but remain above $2,400 per ounce, supported by safe-haven demand and expectations of U.S. interest rate cuts. However, China’s gold imports have slowed significantly, with April purchases dropping 30% from March due to record prices and seasonal factors. This decline affects both investor and central bank demand in China, a key driver of recent gold strength. Meanwhile, copper prices continue to rise, hitting new records amid supply concerns and M&A activity. Analysts suggest that while more investors are drawn to gold, the market may be due for a correction before further price increases. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts PIMCO Cautions: Inflation and Recession Battles Not Yet Won READ MORE Year of the Dragon: Surge in Singapore’s Gold & Silver Sales | Chinese New Year 2024 READ MORE U.S. Labor Market Surges with 353,000 New Jobs in January, Crushing Expectations READ MORE Goldman Sachs Urges Investors to Bet on Gold READ MORE U.S. Economy Defies Expectations with 2.8% Growth in Q2 READ MORE Add a Comment Cancel replyYour email address will not be published.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