A shopper (right) tries on a gold bracelet at a jewelry shop in Chongqing. SUN KAIFANG/FOR CHINA DAILY China’s gold consumption rose 5.94 percent in the first quarter of 2024 from a year earlier, thanks to surging demand for safe havens, China Gold Association said on Friday. Consumption of the precious metal by the world’s … Continue reading China’s gold consumption rises 5.94% in Q1
Tag: gold
Rush for gold spurs price to peak; related assets climb
Consumers browse gold accessories at a store in Nanjing, Jiangsu province, in March. [FANG DONGXU/FOR CHINA DAILY] Spot gold prices have rallied over the past month, with rates surging to an all-time high of $2,350 per ounce on Monday. Gold futures, too, soared to a record high on Monday. COMEX, a benchmark US futures and … Continue reading Rush for gold spurs price to peak; related assets climb
China Gold Association urges franchisee scrutiny after closure in Beijing
Gold jewelry enterprises should continue enhancing scrutiny during franchisee admissions, standardizing business processes and institutional development, said the China Gold Association in response to the recent sudden closure of a Beijing-based franchise of China National Gold Group Gold Jewelry, one of China’s central enterprises in the gold industry. The gold enterprises should conduct regular store … Continue reading China Gold Association urges franchisee scrutiny after closure in Beijing