Asian retail gold buyers continue to show strong interest in purchasing gold despite high prices. China's largest jewelry retailer, Chow Tai Fook, experienced a decline in gross profit margin and sales due to surging gold prices. Copper prices are on a downtrend amid mixed economic signals and cooling growth in China. Reduced physical gold demand in China has led to a decrease in gold prices from the peak in May.
#Gold Prices Down from Record High, China Physical Consumption Slumps, Analyst Expects Slight Decline https://t.co/4E0NuetZ4V
China's Reduced Physical #Gold Demand Cools Prices After May Peak https://t.co/4E0NuetZ4V
#Copper prices remain in a downtrend, with potential for further slow declines amid record US equity highs, mixed economic signals and cooling growth in China.
#China's largest jewellery retailer #ChowTaiFook hit new low since Feb 2021 after it posted lower gross profit margin for year ended Mar, falling sales in Apr, May amid surging gold prices https://t.co/haGgRmRhhd https://t.co/zb5XTRwSIz
Asian Consumer Demand For Gold Seen Staying Strong This Year - BBG https://t.co/4eWE5ctpwm
Asian retail gold buyers are still keen to purchase more of the precious metal even as prices hover at elevated levels https://t.co/SL4DNXfHmK