Gold Remains Popular Safe-Haven Asset in China Despite...
China News
June 24, 2024
Despite gold prices hovering around 80 U.S. dollars per gram, the precious metal continues to be a favored investment in China. Many consumers are investing in gold bars to diversify their financial portfolios, viewing gold as a stable, safe-haven asset. However, the high prices have also led to a cautious approach among buyers, resulting in decreased sales for jewelry shops. This trend reflects a broader pattern of increased consumer spending in some sectors.