Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world ...
Gold’s rising streak extended to four months. The LBMA Gold Price AM in USD increased by 4.9% and the Shanghai Gold Benchmark PM in RMB jumped 6.7% – due mainly to a weaker local currency.
The recent decline in international gold prices has captured the Chinese market's attention ... some customers were observed purchasing gold jewelry at a shopping center in Shanghai on Wednesday.
When gold demand outstrips gold supply, the price of gold goes up. The chief areas of gold demand are in gold jewelry. In 2017, 46% of demand for gold was for jewelry. There is also the use of gold in ...