Gold falls in bad year for marriage
By Hou Qingyang | China Daily | Updated: 2010-02-09 07:44
'Unlucky' time for tying the knot may take shine off jewelry sales
The recent decline in the price of gold may extend on a firmer dollar but the falling price may not spur jewelry buying as Chinese couples avoid weddings in 2010.
Bullion slumped to $1,066.30 an ounce last Friday, a three-month low, as the dollar's gains eroded the yellow metal's appeal as an alternative investment. The greenback climbed against the euro on mounting budget concerns in European Union countries, such as Greece, Spain and Portugal.
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