Record Prices Spawn New Wave of China Gold Bugs

CNBC News reported that gold sales in China are increasing despite the rapid rise in bullion prices.

The market news is quoted as saying:

Demand from the world’s most populous country, which is adding hundreds of thousands of people to the ranks of affluent and middle-income consumers every year, implies that the long-term price floor for gold is set for a steady increase.

To read the full market news, click here.