Gold prices sink at the post-holiday trade

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Source: Forexpros

Gold prices declined as investors turned to US assets amid stronger than expected US consumer confidence. Gold futures for delivery in February traded at USD1,589.15 a troy ounce during the morning Asian trading hours, on the Comex division of the New York Mercantile Exchange, tumbling 0.4%.

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Wed, 28 Dec 2011 09:30:06 GMT

China's property prices have to fall by 25%

Governmental policies aimed at cooling the real estate sector have to be continued until house prices tumble by 25%, reported Agricultural Bank of China. The bank claims the prices must first fall to the level that the majority of the resident can afford and after that rise to stable level. Home price should slide by 10%-25% in large cities and by 5%-15% in the

Wed, 28 Dec 2011 09:25:27 GMT

China's lenders see higher demand for capital

China's commercial lenders are under growing pressure of capital shortage and are likely seek for refinancing channels next year, predict analysts. China's floated lenders plan to rise circa 100 billion Yuan via equity financing to meet stricter capital requirements. The CBRC announced it considers more rigid criteria for lenders by setting core capital adequacy ratio at 9.5%.

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