Goldman Sachs Revises China Jewelry Stocks Amid Gold Price Retreat
Investing.com -- Goldman Sachs has updated its outlook on China jewelry stocks following gold's decline from its January peak of $5,595 per ounce to current levels around $4,041 per ounce. The investment bank warns of mounting earnings downside risk for companies in the sector across fiscal years 2027 and potentially 2028 if spot prices remain at current levels.
Investing.com -- Goldman Sachs has updated its outlook on China jewelry stocks following gold's decline from its January peak of $5,595 per ounce to current levels around $4,041 per ounce. The investment bank warns of mounting earnings downside risk for companies in the sector across fiscal years 2027 and potentially 2028 if spot prices remain at current levels.
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