Despite a Slight Decline in International Prices, the Jewelry Sector Faces a Consumption Crisis Due to Decreased Purchasing Power
The president of the Jewelers' Trade Union, Hatem Ben Youssef, stated that the decline in gold prices on global markets does not affect the Tunisian market, as it "remains minimal and does not exceed a few dinars per gram." In a statement to Mosaïque FM, Ben Youssef emphasized that the price of gold has seen a significant increase compared to the previous year. At the same time, Tunisian gold markets are experiencing a massive decline in purchases due to the deterioration of purchasing power. This situation is in stark contrast to what is happening in Turkey and even Algeria, where demand remains strong.
"Chinese Gold" Does Not Pose an Immediate Threat
Additionally, our interviewee downplayed concerns about China's production of a new type of gold. According to him, this does not represent a cause for concern if the metal is genuinely authentic gold. However, what could be problematic is the possibility of market saturation with this product.
Note: I translated "or chinois" as "Chinese gold", but it's worth noting that the term might refer to a specific type of gold or a gold alloy produced in China, rather than gold from China in general. If more context is provided, a more accurate translation might be possible.
