The soaring gold price is far from good news for gold retailers
By GCRU Gold News on Wednesday, July 13 2016, 01:39 - Permalink
“To the surprise of many, retail sales of gold have been in sharp decline this year,” said Hong Tao, a China retail analyst at GF Securities.
“Sales of gold jewellery across the sector have slumped 20-40 per cent, and there was little improvement in June.”