HGF Securities says sales of gold jewellery have slipped 20-40 per cent. Photo: Reuters. HGF Securities says sales of gold jewellery have slipped 20-40 per cent. Photo: Reuters.
HGF Securities says sales of gold jewellery have slipped 20-40 per cent. Photo: Reuters.
Laura He
Opinion

Opinion

Across The Border by Laura He

The soaring gold price is far from good news for gold retailers

The yellow metal has risen 12pc in value since June. But sales of gold jewellery have slumped 20-40pc. Some customers have even been selling their gold items to stores. So what’s happening?

HGF Securities says sales of gold jewellery have slipped 20-40 per cent. Photo: Reuters. HGF Securities says sales of gold jewellery have slipped 20-40 per cent. Photo: Reuters.
HGF Securities says sales of gold jewellery have slipped 20-40 per cent. Photo: Reuters.
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Laura He

Laura He

Laura covers capital markets and financial affairs in Hong Kong and China, including major IPOs, corporate finance, investment banking, and equity markets, with an eye on technology and innovation for the Post. Previously, she'd worked for MarketWatch and The Wall Street Journal Digital Network in San Francisco and Hong Kong. She has also worked for Forbes in San Francisco and had stints at Xinhua News Agency as economics editor, anchor and financial correspondent in both Beijing and Hong Kong. She has an MA degree in digital journalism from Stanford University and passed CFA exams.