Gold Falls on Reports of China's Finance Ministry Ending Tax Incentive for Gold Sales

Core Viewpoint - Gold prices declined in early Asian trading due to reports that China is terminating a tax incentive for gold sales, effective November 1 [1] Group 1 - The decision by China to end the tax incentive is expected to impact gold sales significantly [1] - The change in policy may lead to a decrease in demand for gold in the Chinese market [1] - This development could influence global gold prices and trading strategies [1]