Business / Gold rush in China

Chinese demand brings new luster to yellow metal

[2012-07-11 09:33]

Demand for gold remains strong in China, helping to fuel expectation that the price of the metal will be above $1,800 an ounce.

A handful of gold is still disappointing

[2012-07-11 07:59]


Gold the answer to currency wars

[2012-07-06 07:51]

Global capital markets specialist and best-selling author James Rickards says that the ongoing currency wars are a combination of deflationary and inflationary factors that could leave painful scars on the global economy.

China's gold output growth slows

[2012-07-05 09:44]

China's gold output continued to rise, albeit at a slower pace, in the first five months of this year, according to official figures released Wednesday.

In luxury industry, not everything is rolled gold

[2012-06-15 12:40]

Mainland buyers resist the trappings of wealth

Gold output hit 29 metric tons in April

[2012-06-12 13:15]

China produced 28.8 metric tons of gold in April, bringing total gold production in the first four months of the year to 109.6 tons, the Ministry of Industry and Information Technology said on Monday.

Gold-investment demand in China 'to rise 10%'

[2012-06-11 10:54]

Gold-investment demand in China may gain more than 10 percent this year as buyers seek a haven from Europe's debt crisis.

Gold imports hit record

[2012-06-05 10:45]

Gold imports from Hong Kong by the Chinese mainland increased by 65 percent to hit a record high in April, advancing for a third straight month.

China poised to become world's biggest gold consumer

[2012-05-18 05:55]

Chinese gold consumption rose 10 percent to a record 255.2 metric tons in the first quarter.

Gold drops as investors turn to dollar

[2012-05-17 08:06]

Gold declined for a fourth day in London and entered a so-called bear market as concern Greece will leave the euro boosted the dollar and cut the metal's appeal as an alternative asset.

China's gold output up 10% in Q1

[2012-05-12 11:31]

The Ministry of Industry and Information Technology announced Friday that the country's gold output in the first three months of the year reached 80.8 tons.

Mainland buys more HK gold

[2012-05-08 11:03]

The mainland's gold imports from Hong Kong climbed 59 percent in March, according to export data.

China's gold producer Zijin's profits rise

[2012-03-29 14:54]

Zijin Mining Group Co, China's largest gold producer in terms of output, said Thursday that its net profits rose 18 percent year-on-year in 2011 due to rising gold prices.

China's gold sector profits up 36.18% in Jan

[2012-03-16 10:28]

Profits of Chinese gold producers surged 36.18 percent year-on-year to reach 1.93 billion yuan ($304.76 million) in January, data from the MIIT shows.

CNGGC to buy stake in Xinjiang gold firm

[2012-02-28 13:54]

The China National Gold Group Corp (CNGGC) said Tuesday that it plans to pay 108.5 million yuan ($16.79 million) for a 51-percent stake in a Xinjiang-based gold company.

Price of gold expected to reach $2,025

[2012-02-23 20:01]

The price of gold is expected to hit $2,025 per ounce by the end of the year as the weakening global economy drives more funds into safe-haven investments, analysts from the investment bank UBS said on Thursday.

Xinjiang gold production reaches record high

[2012-02-21 14:36]

Gold production in northwest China's Xinjiang Uygur autonomous region reached a record-high volume of 12.1 tons in 2011.

China may overtake India as top gold market

[2012-02-17 17:04]

Rising incomes in China have resulted in a surge in demand for gold jewelry and other luxury goods.

China's 2011 gold demand up 20%

[2012-02-17 10:19]

The World Gold Council said Thursday China's gold demand last year reached 769.8 tons, representing a rise of 20 percent year-on-year.

China goes for the gold

[2012-02-17 09:03]

China, the largest producer of gold, may also become the biggest consumer of the metal in 2012, overtaking India in that regard, the World Gold Council said on Thursday.