On November 7, gold prices hit a peak at 200.80 yuan/g and
closed at 200.00 yuan/g in the Shanghai Gold Exchange (SGE). Prices
have increased by 20 percent from 167 yuan/g as of two months
ago.
Meanwhile investors are showing great passion for investing in
gold. Reportedly, Beijing's Wangfujing Department Store saw the
price of gold bars soar to 210 yuan/g, the highest in its history.
Currently all of the store's gold bars have sold out.
In the A-share market, the gold company shares are very hot. The
share price of Shandong Gold Mining Co., Ltd increased 7.61 percent
and that of Zhongjin Gold Corporation Limited jumped 8.27 percent
on November 7.??
For more details, please read the full story in Chinese. (http://www.bbtnews.com.cn/news/channel/political31609.shtml)
(China.org.cn November 8, 2007)
