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High gold prices take the glitter off jewellery sales
High gold prices take the glitter off jewellery sales
Friday, July 15, 2016 – THE festive season and promotional prices failed to boost sales of local jewellery stores as soaring gold prices dampened demand. Global gold prices rose to a two-year high as Britain?s decision to leave the European Union caused market jitters and pushed investors towards safe haven investment asset. Reuters reported as of 0639 GMT, spot gold was trading at US$1,332.33 per ounce. Staff at local jewellery shops said they usually expect higher sales during Raya as Bruneians usually like to wear new jewellery and give them as gifts during the festive season. But they said business has been very slow this year. Read More?