ecns [expanded by feedex.net]: Gold falls to lowest since February 2011

ecns [expanded by feedex.net]

ecns

Gold falls to lowest since February 2011
http://www.ecns.cn/business/2013/04-16/58941.shtml
Apr 16th 2013, 00:10

2013-04-16 09:10 Shanghai Daily     Web Editor: qindexing
comment


Spot gold in Shanghai fell yesterday to the lowest since February 2011, tracking losses in overseas markets, as investors expect demand for safe-haven assets to contract as the global economy improves.


The spot contract for gold of 99.99 percent purity on the Shanghai Gold Exchange shed 7 percent to 289.90 yuan (US$46.50) per gram. Gold for June delivery fell 5 percent from the previous settlement to 298.93 yuan per gram on the Shanghai Futures Exchange, the least expensive since March 2011.





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