Gold investors remain cool despite price dip  

外媒观察中国第25周：金价下跌 投资者心态冷静

5月出的“中国大妈”因为大量购买黄金现货而走红，但是数据显示不仅仅只是“中国大妈”进行黄金现货购买，5月份日本的珠宝、贵金属等奢侈品需求也上升了23.3%。现在来看国内现货黄金的采购热潮已经退去。 [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.