The Zhitong Finance App learned that the World Gold Council said that China's gold jewellery consumption may receive seasonal support in the second half of the year, and it is expected that demand for lightweight and high-end products will boost jewellery consumption spending. Demand for gold investment will remain strong, and the fundamental drivers should remain the same: geopolitical risks continue to be high; domestic bond yields remain low; the new gold value-added tax policy continues to support investment demand; if the People's Bank of China continues to buy gold, it is also expected to maintain investors' confidence in gold.

The Zhitong Finance App learned that the World Gold Council said that China's gold jewellery consumption may receive seasonal support in the second half of the year, and it is expected that demand for lightweight and high-end products will boost jewellery consumption spending. Demand for gold investment will remain strong, and the fundamental drivers should remain the same: geopolitical risks continue to be high; domestic bond yields remain low; the new gold value-added tax policy continues to support investment demand; if the People's Bank of China continues to buy gold, it is also expected to maintain investors' confidence in gold.