Gold investors remain cool despite price dip  

外媒觀察中國第25周：金價下跌 投資者心態冷靜

5月出的“中國大媽”因為大量購買黃金現貨而走紅，但是數據顯示不僅僅只是“中國大媽”進行黃金現貨購買，5月份日本的珠寶、貴金屬等奢侈品需求也上升了23.3%。現在來看國內現貨黃金的采購熱潮已經退去。 [查看全文]

(ECNS) -- Chinese gold investors seem to have become more cautious amid the ongoing price dips in the world gold market, as they learned that investing without careful consideration could be a risky business, according to reports on Sunday.

In May, the demand for luxury jewelry and precious metals rose by 23.3 percent in Japan, while the buying craze for spot gold in China had already cooled down.

Reports issued by the Japan Department Stores Association indicate that sales volumes at department stores in Japan registered a year-on-year increase of 2.6 percent in May.

Sales of luxury items such as gold art works, jewelry and precious metals continued to see robust growth, registering a year-on-year increase of 23.3 percent, to reach record highs since 2006, Kyodo News.com reported on Wednesday.

However, physical demand retreated in India and China, the top two consumers of bullion, from peak levels reached after a steep sell-off in April, according to a Reuters report on June18.

"Gold buyers here seem to hold off, " said a Hong Kong precious metals trader.

Any signs of a significant slowdown on the Chinese market would be a big blow to gold prices because investors expect China to offset slower buying from India.

Another Hong Kong precious metals trader said premiums there had fallen to $2 an ounce over London spot prices, from a high of $6 last month.