For the second time in a week, trading in an ETF that owns gold companies was halted in China overnight.
The ETF’s price had gained over 40% in the past four sessions before falling 10% after trading resumed Monday. “The lack of alternatives, and the fact that it’s become a lot more difficult than it was a few years ago to get your money out of China and invest elsewhere – I think that’s definitely helping gold,” said Nikos Kavalis, managing director at consultancy Metals Focus Ltd.
“Demand is pretty decent, considering where the price is.” China Asset Management […]
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