Can Lunar New Year revive Chinese gold demand after CGA reports nearly 11% drop in 2022 LunarNewYear CGAreports gold
Welcome to Kitco News' 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023.
According to analysts, Chinese gold purchases were dampened last year because of market disruptions caused by the COVID-19 pandemic, even as the nation started to ease restrictions and the high price of gold in yuan terms. Along with weak consumer demand, Jia noted that the wholesale gold market in China was also weak in 2022, suffering from the same factors that weigh on consumer purchases.
As to how the Lunar New Year celebrations will impact gold, Nicky Shiels, head of metals strategy at MKS PAMP, said that with Chinese markets closing next week, gold could see a correction soon.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
The Best Fashion and Beauty Finds to Celebrate Lunar New Year 2023 | Elle CanadaTry out your luck and ring in the Year of the Rabbit. These are the best fashion and beauty finds to celebrate Lunar New Year 2023.
اقرأ أكثر »
Lunar New Year: So you think you can dragon danceAfter taking a pandemic breather in 2021 and going virtual in 2022 the parade returns to the streets of Vancouver\u0027s Chinatown. Read more.
اقرأ أكثر »
Lunar New Year tourism hopes fizzle as Chinese stay homeA hoped-for boom in Chinese tourism in Asia over next week's Lunar New Year holidays looks set to be more of a blip as most travellers opt to stay inside China if they go anywhere. From the beaches of Bali to Hokkaido's powdery ski slopes, the hoards of Chinese often seen in pre-COVID days will still be missing, tour operators say.
اقرأ أكثر »
16 Vancouver Restaurants Offering Lunar New Year SpecialsWith Lunar New Year just around the corner, families across various cultural backgrounds are busy preparing for one of the world’s most celebrated holidays. But whatever your heritage, there’s something all celebrations have in common, good food vancouver
اقرأ أكثر »
From Lunar New Year celebrations to theatre, here’s what’s on this weekendCelebrate the Lunar New Year, take in some live theatre or enjoy the opera. Here's a sampling of what's on tap this weekend.
اقرأ أكثر »
How Fashion Healed My Relationship With Lunar New YearJennifer Nguyen writes about how a red dress broke her heart when she was a child — and how she's now working to heal her complicated relationship with her multicultural identity.
اقرأ أكثر »