“Gold output in China, the world’s largest producer, is poised to rise almost 10 percent this year to a record even as bullion prices slump, the nation’s mining association said. Bullion extended its drop this year to 23 percent and hedge funds cut bets on a rally by the most since February after the Federal Reserve said it may slow a bond-buying program that’s been pumping stimulus into global markets. That hasn’t deterred buyers in the second largest economy, which may pass India as the largest gold consumer as early as this year as regulators in Beijing make investing in the precious metal easier.”
Related posts:
Why McDonald's Killed the Dollar Menu—in 1 Chart
Fidelity halts bitcoin investments from IRAs
U.S. gives ‘full backing’ to Israel while urging de-escalation of Gaza violence
Greek Stocks Fall After Failed Gas Company Sale
Oklahoma police chief arrested after threatening wife, witness with gun
Russian parliament finalizes U.S. adoption ban
Kim Dvorak: "Mercedes Says Their Cars Just Don't Blow Up!"
Cost of New Virginia Bus Stop: $1 Million
NYPD To Launch All-Seeing System To Track Crime
New tax law driving expats to renounce U.S. citizenship
UnitedHealth warns it may exit Obamacare plans
92-year-old homeowner shoots, kills intruder
Google Glass Orders: How You Can Get Your Hands On An Early Set Of The Futuristic Glasses
U.S. Customs Fines Woman $500 For Saving Free Delta Airlines Snack
NYTimes: Loathing The Feds in the Ranchlands of Oregon