Gold prices react to China ending tax incentives, dipping below $4,000/ounce

Gold prices dipped below the $4,000/ounce mark as China decided to terminate a longstanding tax incentive for certain retailers, potentially impacting demand in one of the major global precious-metals markets.

The drop in immediate delivery gold prices by as much as 1% led to a downfall in Chinese jewelry stocks as well.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.