04.11.2014 - Chinese Unmoved by Gold Price Drop, See it Cheaper Still
Even with gold prices dropping to near four-year lows, buyers in China - the world's leading market - are not tempted, suggesting prices have further to fall. When gold prices are in a slump, Chinese buyers, eyeing a bargain, traditionally move in and stop the rot. But that doesn't seem to be happening this time around. The current market decline has seen the price of gold lose more than a third of its value in two years, to around $1,170 an ounce...............................................Full Article: Source
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