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 When Could We See $50 Silver? Alan Hibbard on Schwab Network READ MORE Fed Rate Cut Expectations Drive 30-Year Mortgage Rates Down to 6.35% READ MORE Powell's Pivot: Fed Likely to Adopt Tougher Stance as Inflation Climbs READ MORE Gold Market ETF Demand Hits Two-Year Peak READ MORE STAGFLATION & The Longest Yield Curve Inversion in History READ MORE Add a Comment Cancel replyYour email address will not be published.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