In China, Locals Still Love Gold

Forbes reported that Chinese investors are buying gold as they seek an investment haven.

The market news is quoted as saying:

The Chinese government has been encouraging its people to buy gold, lifting an old ban on the investment public’s right to buy it.  The popular exchange-traded funds like the SPDR Gold (GLD) ETF and very low interest rates are making it much easier and less costly for private investors to own it as well.

To read the full market news, click here.