Gold maintains glitter as haven for investors

Gold maintains glitter as haven for investors

From en.people.cn

Gold investment in China is expected to remain in positive territory over the next few quarters, supported by expanding demand, economic recovery and sustained purchases by the central bank, said industry experts. The attractiveness of gold is expected to increase in the months to come, fueled by prudent domestic monetary policy and lower interest rates, which will further reduce the cost of investing in gold and prompt investors to seek other wealth storage options like precious metals, said Wang Lixin, CEO of the World Gold Council (China). Furthermore, softness in the real estate market and escalating global ... (full story)

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