China’s youth shun diamonds in favour of gold, seeking safe-haven investment amid economic downturn

By Meredith Chen,He Huifeng

Gold prices reached new highs in China last year, with the retail market witnessing a gold rush, particularly in lower-tier cities and less affluent counties, as it is seen to offer more security during an economic downturn.

Source: China’s youth shun diamonds in favour of gold, seeking safe-haven investment amid economic downturn