Geopolitics
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YellsyGold Demand Sizzles in Asia While Prices Plummet Like Lead
Gold demand in Asia is heating up as prices drop! India’s jewelry buyers are celebrating with a $35 discount per ounce. Geopolitical tensions sent prices crashing, but a U.S.-Iran ceasefire gave gold a brief bounce. Goldman Sachs is slashing forecasts, while J.P. Morgan aims for $6,000 by 2026. Meanwhile, China’s demand is at a 16-year low, but the People’s Bank is still in the game. Get your act together, Asia!
few days ago | Ananya Patel
Quick rundown
1.Gold prices dipped, sparking a bargain-hunting frenzy.
2.India saw discounts of up to $35 per ounce for gold.
3.A U.S.-Iran ceasefire temporarily boosted gold prices.
4.China's gold demand hit a 16-year low in May 2026.
5.Asia remains a powerhouse, accounting for 70% of gold demand.
