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Sharp Rise in Demand for Gold in India After Tax Cut – Commerzbank
World Gold Council: Q2 gold jewelry consumer demand in China decreased by 18% year-on-year, but investment demand remains strong.
Due to the skyrocketing gold prices and economic slowdown, China's jewelry demand in the second quarter of 2024 hit a new low at the same period since 2009, only 86 tons; China's gold jewelry consumption in the first half of the year also decreased by 18% year-on-year, to 270 tons.
Gold Lacks Momentum as Fed Meeting Looms
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Gold - The most certain direction of the 'Trump trade'?
According to a survey, in the event of Trump winning the election, the number of people who support gold as a safe-haven asset is twice that of the US dollar. Taking history as a reference, spot gold has risen by more than 50% during President Trump's term, while the US dollar has fallen by more than 10%.