Banks in China Stockpile Gold as Lease Demand Surges

(Bloomberg) – The value of precious metals held by Chinese major banks increased by 66%, two-thirds its value from a year ago. Banks in China lease gold to their customers as the borrowing rules are … Continue reading

Gold Price Rise by 6.5% in February, Biggest Monthly Gain since July 2013

(Reuters) – Despite Friday’s decline in gold price, the yellow metal recorded a 6.5% gain in value during February 2014, the biggest monthly gain since July 2013. Safe-haven demand increased as investors worried about the … Continue reading