Sunday, April 26, 2009
China Buying Will Boost Gold Price to $950
China Confidential analysts expect the price of gold to rise to $950 an ounce before the end of June, owing to strong demand from the world's fifth largest holder of the precious metal--China.
The International Monetary Fund, which is the world's third-largest holder, is seeking to sell gold to China. Click here for the story.China Calls for New Global Currency System
Even though it is the world's largest holder of U.S. Treasury securities, China is working to end the dollar-dominated, international currency system. Click here for the story.
Monday, 27 April 2009
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