Individual gold transactions in China brisk
(People's Daily Online)
Updated: 2006-06-03 13:11
Due to the boom in gold market in the world this year, the individual
transactions of gold in China are exceptionally prosperous.
Insiders see two features of the gold price. Firstly, the price keeps
soaring, from 500 to more than 700 US dollar per ounce. Secondly the prices
fluctuates sharply. Sometimes it rose and fell by 20 US dollar overnight, which
brings great chance for investors to make profit.
It is estimated that the average return on investment on gold account with
China Construction Bank has reached over 10 percent, and the transaction volume
of this year will mount to beyond 10 tons.
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