China Press: Gold market to be deregulated within 2 years
Shanghai--Mar 6--China will deregulate its gold market within 2 years, the
official English-Language China Daily's Business Weekly reported Sunday. As a
first step, a gold exchange--if approved by the government--is expected to open
in the near future, the Weekly quoted Wang Dexue, director-general of the Gold
Administration under the State Economic and Trade Commission (SETC) as saying.
(Story .10204)
China Press: Domestic platinum prices, demand rise
Shanghai--Mar 6--China's platinum demand is expected to continue rising
owing to strong demand of platinum jewelry from the younger generation, while
its rate of growth is seen capped as the Chinese do not see platinum as an
investment tool like gold, the official English-language China Daily reported
Monday. Domestic platinum prices have increased over the past few months in line
with strong prices in the international market, the Daily's report said. (Story
.10508)
Canada cuts gold holdings by 90,000 ounces
Ottawa--Mar 3--Canada's gold holdings were cut 90,000 ounces in February, as
an earlier forward sale settled during the month, leaving gold reserves at about
1.55 million ounces. (Story .4821)
crbindex.com |
