SINGAPORE/LONDON, (Reuters) — Chinese gold jewellery demand fell for the first time in eight years in the second quarter and could drop as much as 20 percent in the full year, a leading precious metals consultancy said.
A slide in Chinese demand will take away a key supporting factor for gold prices, already pressured by an improving global economy and U.S. stimulus withdrawal.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)