Chinese gold jewellery sales predicted to soar
October 27, 2009 by goldguru · Leave a Comment
Sales of gold jewellery will see double-digit growth in China by the end of 2009, it has been predicted. Speaking to Bloomberg, Hong Kong Resources Holdings chairman Kennedy Wong said his company had recorded a 16 per cent rise in gold and other jewellery in China in the first nine months of the year.The news [...]
Chinese gold imports rise
October 23, 2009 by goldguru · Leave a Comment
Chinese imports of gold rose to 112 tonnes last year, new figures have revealed. Speaking at the Gold Outlook 2009 event yesterday (October 22nd), Lila Lu of China Minsheng Bank said this increase was primarily down to a 176 per cent surge in investment demand and a 21 per cent rise in jewellery buying.The news [...]
Gold Well Supported in Mid to High $900/oz Region
September 30, 2009 by goldguru · Leave a Comment
Mark O’Byrne submits: Gold Gold is currently trading at $1,001.80/oz and has bounced from a low of $991/oz and continues to follow currency movements. This week is the first week of the new Central Banks’ Gold Agreement, which caps gold sales from official reserves. The third CBGA pact, which will run until September 2014, will [...]
Literature-inspired Chinese gold coins ‘are stunning’
September 22, 2009 by goldguru · Leave a Comment
Recently launched Chinese commemorative gold coins inspired by literature would be a "stunning" addition to any numismatic collection. This is according to Kerry Rodgers of World Coin News, who was commenting on a set of coins launched by the People’s Bank of China last month celebrating one of the greatest classical novels in Chinese literature, [...]
Chinese Gold Revisited
April 27, 2009 by goldguru · Leave a Comment
Hard Assets Investor submits: By Julian Murdoch As bullish as I can be about gold, there’s little arguing with the fact that it has not been a runaway bull these last six months. Granted, nothing has been; it’s been a brutal market for everyone. But sometimes it’s useful to go back and revisit the premises [...]
Chinese gold production increases
February 5, 2009 by goldguru · Leave a Comment
Chinese gold production rose in 2008 by 11.5 tonnes (4.26 per cent) to 282 tonnes, official figures have revealed. The China Gold Association stated that the country continued to be the world’s largest gold miner last year and increased production compared with 2007 to 282.007 tonnes. [ad] According to the association’s data, 46.4 per cent [...]
