Recent gold-buying spree in China reveals a lack of investment options for Chinese households looking to retain asset value.
2013-04-17 09:46While gold markets in the United States and Europe saw panic selling, sales of gold bars and jewelry jumped in China.
2013-05-08 08:01Because of the use of paper money, and especially after the breakdown of the Bretton Woods Institutions, gold has lost some of its monetary attribute.
2013-04-24 15:21Beijing Caishikou Department Store, a leading gold store in the city, said its daily sales reached 100 million yuan for the seventh straight day.
2013-04-19 20:14The recent plunge in the price of gold may provide certain opportunities but a long-term outlook is best.
2013-04-23 08:12We do not expect the current weakness in the gold price to be sustained, provided the risk of an escalation of the eurozone crisis remains high.
2013-04-20 09:47While the precipitous fall in global prices has touched off a gold rush among Chinese consumers, gold producers and traders are keen to offload their huge stockpiles to minimize real and potential losses.