Gold Edges Lower on Worries Over China Ending Tax Incentive

Core Viewpoint - Gold prices have decreased in the early Asian session due to ongoing concerns regarding China's decision to end a tax incentive on gold sales, which will take effect on November 1 [1] Group 1 - The recent decline in gold prices is attributed to market apprehension about the impact of China's tax policy change [1] - The tax incentive on gold sales has been a significant factor in supporting gold prices, and its removal may lead to reduced demand [1]