Yes, yellow can be good for white skin, but the shade of yellow is crucial.
Choosing the Right Shade of Yellow
The key to wearing yellow with fair skin is selecting the right shade. Bright, lemon yellows tend to complement very pale skin tones best. Source However, bolder, more saturated yellows, like mustard yellow, can also be flattering. Source Conversely, wearing the wrong shade of yellow can make you look unwell or washed out. Source
Understanding Undertones
Individual skin tones have underlying undertones (e.g., cool, warm, or neutral). While this question focuses on “white skin,” it's important to note that even those with generally fair skin can have different undertones which may influence which shades of yellow suit them best. Finding a makeup artist skilled in color analysis can help determine your best shade of yellow, as they can assess your undertones which are not always apparent. Source
Yellow and Jewelry
The same principle applies to yellow gold jewelry. While some believe fair-skinned individuals should avoid yellow gold, its classic and beautiful appeal remains. Source Ultimately, personal preference should play a role in jewelry choices.
