Gold near 5-year low amid weak Chinese demand

Note: This section contains information in English only.
Source: WBP Online
Concerns over weaker imports to China along with a stronger Greenback (against the background of the expected US interest rate hike in September) dragged the price of the precious metal down even further today, leaving it near the 2010 low. Bullion's futures were down 0.40% to settle at $1,092 per ounce. Some experts believe Chinese gold imports will fall 40% this year amid declining need for the metal to serve as a collateral in financial agreements.
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