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Commodities Briefing - Categorized | Bullion/Gold, Investment more

China: Gold buyers still buying, despite price falls

Posted on 01 July 2013

Chinese investors have continued their buying frenzy for gold as the price of the precious metal headed for $1,200 per ounce. But analysts have warned that gold’s price volatility is expected to remain, reminding over-eager buyers that the metal’s immediate outlook remains bleak.
Buyers such as Madame Chen in Lao Fengxiang Jewelry store on Shanghai’s famous East Nanjing Road on Friday have been out in force, in the hope of making a profit as prices remain low. She said she had bought five 30-gram specially designed gold bars at the city’s largest and oldest jeweler, for 291 yuan ($46.37) per gram………………………………….Full Article: Source


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