China has announced tougher rules on trading stock index futures and foreign exchange derivatives as it seeks to steady jittery markets whose weakness has raised concern over the health of the world's second-largest economy.
In part four of Jan Skoyles and Koos Jansen’s look into China’s gold market they turn their attentions to the individuals behind the moves to get China investing in gold. In our infographic we highlight the top ten. Read on to find out more about these individuals and some of their contemporaries.
U.S. dollar gold prices ticked higher to $1,597 per ounce Wednesday morning, holding gains from a day earlier, as the Dollar fell against the Euro despite warnings from a prominent Eurozone policymaker that the crisis in the region is not over.
Wholesale gold bullion prices hovered just below $1,670 an ounce Monday morning in London, having regained some ground after Friday's losses, while stocks and commodities also ended the morning up on the day.
Gold fell today as the US dollar rallied to its highest price in more than seven weeks. Investors may be waiting for the US Federal Reserve meeting tomorrow before making further commitments in the market.
China's massive trade surplus is fast shrinking, however. The rate of foreign-currency hoarding is slowing right alongside, but its gold imports just overtook domestic mine output for the year as a whole.
Gold always goes where the money is, writes Adrian Ash at BullionVault, and today's new data from the World Gold Council again indicate that gold is mapping the deep shift of relative wealth from West to East here in the 21st century.
The dollar price to buy gold had a wild ride Thursday morning in London - soaring to just under $1,620 per ounce before easing back - while stocks fell and commodities were mixed as Washington prepared for a postponed debt ceiling vote.