Investors see gold as inflation hedge
China Daily | Updated: 2010-11-30 08:04
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Gold bracelets on display at a jewelry shop in Nantong, Jiangsu province. High demand for the precious metal, seen as a safe and profitable hedge against inflation, has resulted in surging prices. Xu Ruiping / For China Daily |
SHANGHAI - Investors are flocking to banks and famous gold stores in the city to snap up the yellow metal as a hedge against inflation.
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