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

To: lorne who wrote (74567)	8/6/2001 8:56:54 PM
From: lorne	Respond to of 116960

Weekly People's Bank of China gold fixings Tuesday, August 07, 2001 Metals: Gold, Palladium Group .......BEIJING : China's central bank, the People's Bank of China (PBOC), raised this week's buying and selling prices for gold slightly on Monday. The purchase price for 99.99 percent pure gold sold on the domestic market was set at 71.79 yuan per gram, up from 71.74 yuan, and the selling price was set at 73.22 yuan per gram, up from 73.16 yuan, the PBOC said. .......The PBOC said in mid-June it would fix its gold buying and selling prices every Monday based on the exchange rate of the Chinese yuan to the US dollar. .......Previously, the PBOC reset the domestic price only once every six months and only recently began to fix it more frequently. .......The move is a major step forward in China's long-term plan to liberalise the domestic gold market and the establishment of a gold exchange. More detail on China's gold prices is available at the central bank's website at www.pbc.gov.cn.-Reuters brecorder.com