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 Stacking Gold Bars in BullionStar’s Vault READ MORE Google Search for ‘Buy Gold’ Up 64% as Market Crashes READ MORE US Treasury Yields Stabilize as Middle East Tensions Ease READ MORE India Grants RBI Levy-Free Gold Imports READ MORE China's Commodity Hoarding: Implications for Global Markets and Security READ MORE Add a Comment Cancel replyYour email address will not be published.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