In this week’s gold news, China is dominating the headlines. And even when not in the headline, you’ll find China mentioned within the body of most articles and news items.
To find out why, take your pick from the articles below.
Is China Trying To Create A New Gold Standard?
Not only has China been furiously buying gold, but local gold producers have been looking outside the country to find more gold. State-controlled China National Gold Corp bought half of Coeur d’Alene Mines(CDE )’ gold concentrates from …
China sees 'explosive' investor demand for gold | Money & Company …
Gold’s bull market stumbled in January, with the price sliding more than 7% from its all-time high. But that may have been a gift to Chinese investors, many of whom apparently were buying aggressively into the metal’s downtrend.
Gold Prices: Gold Settles Above $1374 on Dollar Retreat – CNBC
Gold rose to settle above $1374 on Tuesday and was on track for its biggest one-day climb in a week as the dollar extended losses after soft U.S. retail sales numbers and the market digested Chinese inflation data.
Chinese Buy As Much Gold In January As They Did In Half Of 2010
The bank expects to sell 5 billion yuan worth of gold linked deposits this year, after having sold 1 billion yuan worth of the deposits in 2010, according to Zhou Ming, the deputy head of the ICBC’s precious metals department. …