17.02.2014 - Gold price signals China credit bubble bursting as investors seek safety
Uncertainty is growing over China’s ability to sustain the rapid rates of economic growth it has seen over the past decade. China’s “unfolding credit crunch” is having an unforeseen and dramatic impact on gold prices as investors urgently stock up on the precious metal as a form of financial protection against a sharp correction in the world’s second largest economy. This is the main reason why gold prices have unexpectedly shot up more than 10pc to breach $1,300 (£776) an ounce for the first time since November against the prevailing forecasts for weaker demand made by many industry experts at the beginning of the year, according to Adrian Ash, head of research at gold trading platform BullionVault.com...............................................Full Article: Source
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