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…
Gold Steadies Near $2,800 as Tariffs Spark Safety Rush
Gold recovered from early losses to trade near $2,800/oz as safe-haven demand from Trump’s new tariffs offset pressure from a stronger dollar. Despite initially dropping over 1%, prices stayed close to Friday’s record high of $2,817.23 as investors sought protection from potential trade war impacts. Analysts expect gold to reach…
Gold Steadies Near Peak as Trade Wars Loom
Gold prices are holding steady near record highs as markets grapple with opposing forces: escalating trade tensions driving safe-haven demand versus a surging dollar dampening buying interest. Trump’s announcement of tariffs (25% on Canada/Mexico, 10% on China) has triggered global retaliation threats and market uncertainty, typically positive for gold. However,…
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 history since 1994. The unusual […]
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 for gold bars and coins […]