Posts by China Business News:

Denver may regain glitter as demand for gold grows

When it comes to turmoil in the global economy, the world’s pain could prove Denver’s gain. Gold prices have soared in recent weeks, reflecting the precious metal’s status as a hedge against financial turmoil. “Denver is ground zero for mining in the United States in terms of the capital that is concentrated here and the skills here,” said Tim Wood, executive director of the Denver Gold Group. Image from Wikipedia
China Business News | August 14, 2011 | 4:05 pm

Ivory Coast gold production to double by 2013

The Ivory Coast’s gold production capacity will almost double to 13t a year by 2013, from its current annual output of 7t, according to the country’s energy and mines minister Adama Toungara. “We will be able to reach 13tpa by 2013 and 20tpa by
China Business News | August 14, 2011 | 4:05 pm

Vietnam to import gold to cool down local gold fever

Announcement by the State Bank of Vietnam (SBV) to permit companies to import five tons of gold bullion helped cooling down the gold high fever that has been spreading throughout the country, especially in Hanoi and Ho Chi Minh City since the beginning of the week.
China Business News | August 13, 2011 | 5:57 pm

Silver demand to rise in electronics industry

Following the significant narrowing of cost-in-use of conventional Silver materials and nanosilver in electronics industry, which may encourage some industry players to switch to higher performance nanosilver technologies, according to ‘Nanosilver
China Business News | August 12, 2011 | 10:15 am

Gold pips platinum on safe-haven demand

In a rare development, gold prices have surpassed usually costlier platinum from the precious metal basket. Abroad, gold is trading at $1,746 per ounce and platinum at $1,732. In the Mumbai market, gold prices on Tuesday went up further by Rs 875 to Rs
China Business News | August 11, 2011 | 12:45 am

Is it too late to buy gold?

It soared to a record $1,700 an ounce Monday after the United States suffered its first-ever debt downgrade at the hands of Standard & Poor’s. With gold rising 30 percent this year and nearly 400 percent over the past decade, it’s reasonable to ask
China Business News | August 10, 2011 | 1:15 am