Posts by China Business News:

Gold reaches all time high in India on Saturday

Gold surged by Rs 300 to all time high of Rs 43,585 per 10 grams in the local market Saturday, as its international price also jumped to $ 1,594 an ounce, market sources said. According to Karachi Saraf Association, tola (11.664 grams) price also
China Business News | July 17, 2011 | 3:55 pm

South Africa’s Gold Fields June quarter gold output up 5 pct from Q1

Gold Fields’ attributable group production for the June quarter is expected to be around 872,000 gold equivalent oz, up 5% from 830,000 gold equivalent oz in Q1, the South African miner said Tuesday. During Q2, production from the country’s South Africa region was affected by six public holidays as well as two significant seismic-related accidents at the Kloof Driefontein Complex mine, which resulted in production stoppages due to safety interventions, the company said.
China Business News | July 7, 2011 | 12:43 pm

China gold reserves too small, adviser says

Widely respected economist in China, Li Yining of Peking University, has joined a chorus of advisers urging the Chinese government to increase the country’s gold reserves as a hedge against inflation of foreign currencies. “China should increase its gold reserves appropriately, and China must take every chance to buy, especially when gold prices fall,” Li told China’s Xinhua news agency.
China Business News | July 3, 2011 | 7:05 pm

Gold futures tumbles to a six-week low

Gold futures tumbled to a six-week low as Greece progressed in staving off a default, curbing demand for the metal as an investment haven. Greece may get as much as 85 billion euros ($124 billion) in new financing, including a contribution from private
China Business News | July 2, 2011 | 4:20 pm