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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: lorne who wrote (34932)	6/7/1999 11:04:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116952

China gold price reforms may burnish lustre By Nailene Chou Wiest SHANGHAI, June 7 (Reuters) - A plan to bring China's gold prices more in line with the global market could encourage better designs to lure more customers, but in the short term demand could weaken in the face of falling prices, trade sources said. A State Development Planning Commission official was quoted by the official Xinhua news agency on Sunday as saying that the proposed reforms would involve revamping the ways domestic wholesale and retail gold prices were set. Albert Cheng, Asia area manager of the World Gold Council, said price reform was a positive step to enhance gold's attraction as jewllery and offer Chinese consumers more choice, though not necessarily lowering the overall cost.(cont) biz.yahoo.com note, nothing can be said purely + gold. Must be against the law.