High Gold Prices Dampen Demand in Asia's Leading Markets In some Asian markets, the demand for physical gold has declined due to high prices, leading consumers to reduce purchases. This shift has prompted dealers in key markets like India to offer substantial discounts, while in China, gold premiums have fallen to their lowest since July. Although the demand from consumers has weakened, there is still investor interest in gold as a safe haven, particularly in China, amid concerns about an uneven economic recovery. However, the People’s Bank of China is expected to keep its import policy unchanged unless there’s notable fluctuation in the RMB exchange rate. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Commodities Feed: China Buys More Gold in February READ MORE Fed Unlikely to Cut Interest Rates Soon Despite Earlier Projections READ MORE Rogoff Warns: Biden and Trump Policies Could Skyrocket US Debt READ MORE The Growing Shadow of Credit Card Debt: A Crisis Looming Over American Consumers READ MORE Wholesale prices unexpectedly fell 0.2% in May READ MORE Add a Comment Cancel replyYour email address will not be published.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