November 3, 2025
Article from Yahoo Finance by Yihui Xie, Mark Burton and Yvonne Yue Li
Article Synopsis
Gold held near $4,000 an ounce as markets weighed China’s decision to cut tax rebates for retail gold sales – a move expected to raise industry costs and potentially soften demand in the world’s largest consumer market. The policy change hit Chinese jewelry stocks and may pressure prices, though analysts note that China’s wholesale demand has already been weak for months.
Even so, gold’s broader fundamentals remain strong, supported by central-bank buying and haven demand, with prices still up more than 50% this year despite recent pullbacks. Spot gold ended the day at roughly $4,001 an ounce, while silver and platinum slipped and palladium gained.
