Commodity Trade Mantra

Posts Tagged ‘China’s Gold Market’

SGE Chairman: China Should Become First Class International Gold Market

Xu Luode, Chairman of the Shanghai Gold Exchange said the Chinese gold market is an important force, a positive energy in the international gold market but its influence does not correspond to its mass & scale. Therefore to accelerate the development of China’s gold market, he proposed building China’s “Shanghai Gold”.

China Gold Demand To Rise Further - Fed Stand Also Favors Gold Bulls

Unlike the gold bearish 2013, 2014 seems to favor the gold bulls right from the start to the new year. Gold demand in China, which overtook India as the largest user last year, will rise about 25% in the next four years as an increasing population gets wealthier, according to the World Gold Council.

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