Chinas gold imports from Hong Kong at record high in November

Note: This section contains information in English only.
Source: China.org.cn
China's November's gold purchases from Hong Kong soared to record high on the strengthening demand ahead of the Chinese New Year and on investor's desire to hedge risks amid weak equity markets. China bought 102,779 kilograms in November as compared to 86,299 kilograms in the preceding month. Moreover, China has to raise its gold reserves to promote internationalization of the Yuan and diversify foreign exchange reserves, said Xia Bin, an adviser to the China's central bank.


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Fri, 13 Jan 2012 08:43:23 GMT

US stocks edge higher on European hopes

US share markets traded higher on Thursday as investors expressed cautious optimism towards Europe's ability to tame its debt crisis. Dow Jones Industrial Average Index added 0.2% or 21.57 points and closed at 12,471.02 while Nasdaq Composite gained 0.5% or 13.94 points and finished at 2,724.70. S&P 500 was up 0.2% or 3.02 points at 1,295.50.

Thu, 12 Jan 2012 19:28:18 GMT

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