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摩根士丹利:中国黄金珠宝-金价温和上涨支撑需求复苏
摩根· 2025-05-22 05:50
May 21, 2025 10:00 AM GMT China Gold Jewelry | Asia Pacific Milder gold rise supports demand recovery We see weight-based gold products gradually recovering, which is supportive to overall jewelry stocks. Stock performance will remain divergent given different product/channel cycles, self- help strategies and execution. Key Takeaways Milder gold price hike is positive for gold jewelry demand, especially for weight- based gold jewelry products, which is >70% of the gold jewelry market. We expect some pent-up ...