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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

China’s new gold rush: Its nervous citizens are helping fuel the bullion boom

Posted on 30 March 2011

Insatiable Chinese demand has sent the prices of commodities such as iron ore and copper to historic highs; now the Middle Kingdom is helping to drive the gold price ever higher as local investors look for a hedge against soaring inflation and the rising risks to the global economy.

China is the largest gold producer but requires so much of the precious metal (in addition to what it already mines) that it imported more than 209 tonnes during the first 10 months of last year……………………………………..Full Article: Source


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VRS - who has written 34604 posts on Opalesque Commodities Briefing.


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