China Financial News Headlines

October 28, 2008

Gold Market and Price

Filed under: financial news — Tags: — kinpoo @ 7:52 am -0500

Gold Crashing can’t stop the way of robbing gold Passion
The price of gold in Shanghai Gold Exchange fell down again and again, but did little dampen the enthusiasm of the gold consumers. Many people are looking for low prices to possess gold. Recently, the glod sales in such gold market as Caibai, GoMei and Guiyou, has risen to the highest point this year.

A Large World-Class Gold Mine in Shangdong Laizhou
After discoverd 51.83 tons found large gold mine in the famous Laizhou temple in Shangdong peninsula last year, the geology and mineral exploration department recently found a super-large gold mine at the same place. The gold resources volume is to 103 tons, valuing of more than 200 billion yuan.

Be care of “Gold Trade underground” Rich Trap
Recently the central bank clarified the two different forms of the activities in “gold trade underground”, one is that some institutions establish the local company using their domestic citizenship, and make trades as overseas investment with deputy national institutions or individuals.

Low Gold Prices stimulated the Enthusiasm of Investors
The gold prices fell down crazily last week, the international gold price fell to the lowest point in several years. Many ordinary investors tended to the falling market and robbed gold. Various types of transactions doubled up and the gold sales even stocked out.

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