Dragon dawn for gold

摘要

China is expected to further liberalise its domestic gold sector, opening it up to new technical upgrades, western technologies and -- eventually -- western-type financings. Gold prices in the eastern Asian nation have climbed by a record 32 percent since the opening of the Shanghai Gold Exchange in October 2002, its launch kicking off free trading in the precious metal for the first time ever in the country's history. Overall, gold prices have been holding at their high since the end of last year due to rises in the international price, growing domestic demand as well as increasing global political and economic uncertainties. And, according to John log of financial consultants Maison Placements Canada, continued deregulation will see China import more gold to meet its growing jewellery and investment demands.