Gold Prices Surge Near 3000 USD Affecting Chinese Buyers
AI-Generated Summary
The surge in gold prices is impacting Chinese consumers as record levels and a weak economy make purchases increasingly expensive.
Gold's scorching rally to nearly 3000 USD an ounce threatens to leave buyers in China behind.
Bullion's ascent over the past year has counted Chinese demand among its key drivers. However, record prices, a weak economy, and the extra costs imposed by a strong dollar are making purchases too expensive for many consumers in the world's biggest buyer.
