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?

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

Laura He

Before joining the Post, Laura 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.