08.07.2015 - China sees surge in precious metal trading
China recently saw trades of precious metals hit new highs and several companies introduced new investment products that are more accessible to average investors, according to the Guangzhou Daily. The Shanghai Gold Exchange (SGE) posted a record trading volume of 48.33 million grams in a single day in late June, even though global gold prices remain bearish, the paper said. In early July, gold was still hovering around the three and a half month low of US$1,168 per ounce on uncertainty created by the Greek debt crisis. Several precious metals trading platforms in China have also witnessed a rebound and record trading volumes since mid-May, the newspaper reported. The Guangdong Precious Metals Exchange said the number of institutional investors more than tripled from a year earlier, while trading volume in June nearly doubled from last year...............................................Full Article: Source
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