Gold held around $4,000 an ounce after a weak start on Monday, after China ended a long-standing tax rebate for some retailers in a change that could weigh on demand in one of the world\u2019s largest precious-metals markets.<\/p>\n
Bullion for immediate delivery rose 0.1%, after falling as much as 1% in early trade. Beijing announced Saturday that it would no longer allow some retailers to offset a value-added tax<\/a> when selling gold they bought from the Shanghai Gold Exchange and Shanghai Futures Exchange, whether sold directly or after processing. The news sent Chinese gold jewelry stocks tumblingBloomberg Terminal<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"Gold held around $4,000 an ounce after a weak start on Monday, after China ended a long-standing tax…\n","protected":false},"author":2,"featured_media":268297,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[550,32263,28,144,143949,143948,110,104985,112,7600,99436,142188,923],"class_list":["post-268296","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-beijing","tag-bull-market","tag-business","tag-china","tag-chow-sang-sang-hldg","tag-chow-tai-fook-jewellery-grou","tag-economics","tag-generic-1st-gc-future","tag-markets","tag-retail","tag-shanghai-futures-exchange","tag-shanghai-gold-exchange","tag-stocks"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/268296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=268296"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/268296\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/268297"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=268296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=268296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=268296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}