submitted by goldenter 3 hours ago (via us.rd.yahoo.com)
An official in charge of China’s foreign reserves tried to ease American concern Tuesday about the political impact of its huge holdings of U.S. government debt and indicated Beijing has no plans for a big increase in its gold stockpile.
submitted by goldenter 3 hours ago (via us.rd.yahoo.com)
The Chinese government is unlikely to buy large amounts of gold as a means to diversify its US$2.39 trillion worth foreign exchange reserves, a senior official said, while stressing that "the US treasuries market is very important for China".
submitted by goldenter 3 hours ago (via us.rd.yahoo.com)
Shares of Minco Gold Corp jumped 33% percent on Tuesday, after the junior gold explorer reported discovery of a "significant gold zone" at one of its exploration properties in China. The company said...
submitted by goldenter 3 hours ago (via us.rd.yahoo.com)
BEIJING: China, the world’s biggest holder of foreign exchange reserves, renewed its commitment to the US Treasury market on March 9 but said it would be wary of substantially boosting its gold hold...
submitted by goldenter 3 hours ago (via us.rd.yahoo.com)
THE PRICE OF GOLD continued Tuesday's late rally this morning in London , rising 1.6% from yesterday's 1-month low vs. the Dollar as world stock markets, government bonds and commodities held flat.
