Gold prices: China scraps full VAT offset for retailers; jewellery stocks plunge as bullion holds near $4,000
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Gold prices stabilized near $4,000 an ounce after China's tax rebate changes for retailers and jewelers initially caused a dip. The new rules limit VAT deductions, impacting jewelry stocks significantly. Despite this, strong investor appetite and core rally factors suggest continued bullish sentiment for the metal. What's Your Reaction?
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