MarketsInsider/Filip De Mott/6-20-2023

“Where sales of gold and silver jewelry rose rapidly in early 2023, they expanded only 24% year-on-year in May, the first sign of a slowdown this year.”

USAGOLD note: Expanded only 24%? Given the Chinese people’s historic attachment to gold, most analysts will see the slowing demand at present as a lull in the dominant trend.