High-End Gold Market Thrives Despite Record Prices
The luxury gold market in China is showing strength in the face of unprecedented market conditions, with high-end products maintaining strong sales despite gold prices reaching 40 new records and rising up to 30%. This trend is particularly evident in Laopu Gold Co Ltd’s performance, whose shares jumped over 70%…
Gold Pauses After Record Run, Trade War Concerns Persist
Gold markets remain cautious near record levels as multiple factors influence trading sentiment. The immediate focus is on President Trump’s tariff policies and their potential inflationary impact, with three Fed officials warning of price risks and suggesting a more measured approach to interest rate cuts. While Mexico and Canada received…
Trade War Tensions Keep Gold Near Historic $2,830 Peak
The escalating trade war between the US and China has kept gold prices hovering near historic levels, with spot gold at $2,814.94 per ounce following an all-time high of $2,830.74. President Trump’s implementation of 10% tariffs on Chinese goods sparked immediate retaliation from Beijing, including countervailing duties and an antitrust…
Fed Officials: No Rush to Cut Rates in Uncertain Climate
Federal Reserve officials Susan Collins and Raphael Bostic have signaled a cautious approach to further interest rate cuts, emphasizing the need to evaluate economic impacts of both recent monetary policy changes and new White House initiatives. Following three rate cuts totaling 100 basis points since September, the officials want to observe the effects before making […]
High-End Gold Market Thrives Despite Record Prices
Despite gold prices hitting 40 record highs with increases up to 30%, Chinese luxury gold products maintain strong sales while mainstream jewelry suffers. Laopu Gold exemplifies this trend with a 70% stock surge on its Hong Kong debut and projected 136% revenue growth to $1 billion in 2024, with net profits expected to rise 187% […]
US Gold Premium Reverses Traditional East-West Flow
Global bullion banks are shipping gold from Asian trading hubs to the US to capitalize on unusually high Comex futures premiums driven by tariff concerns. While Asian markets face discounts of up to $15 in India and around $1 in China, US futures are commanding a $40 premium over spot prices. The trend has led […]
Gold Pauses After Record Run, Trade War Concerns Persist
Gold held steady at $2,815 per ounce after reaching a record $2,830.49, as markets digest Trump’s tariff policies and await key U.S. economic data. The immediate focus is on President Trump’s tariff policies and their potential inflationary impact, with three Fed officials warning of price risks and suggesting a more measured approach to interest rate […]
Trade War Tensions Keep Gold Near Historic $2,830 Peak
Gold remains near its record high of $2,830 per ounce as new US tariffs on Chinese goods and Beijing’s retaliatory measures heighten economic uncertainty. China’s counter-actions include imposing levies on US products and launching an antitrust investigation into Google. The trade conflict has disrupted precious metals markets, with US gold and silver prices surging above […]
Record Gold Deliveries Hit US as Banks Rush to Beat Tariffs
JPMorgan Chase, the world’s largest bullion dealer, is spearheading an unprecedented movement of gold to US markets, planning to deliver over $4 billion in bullion against February Comex futures contracts. This massive delivery, part of a total 3 million troy ounces from major banks, represents the second-largest delivery in exchange…
Chinese Buyers Swap Property for Gold as Economy Slows
Chinese consumers’ strong demand for gold helped drive prices to record highs in 2024, particularly in Shubei’s massive retail market. While general consumer spending and jewelry purchases declined amid China’s economic slowdown, gold remained attractive as a wealth preservation tool, with sustained demand for bars and coins. The persistent demand…