BY RHIANNON HOYLE AND YUE LI
SHANGHAI?The year of the dragon is breathing new life into gold prices.
The Chinese have been loading up like never before on gold ahead of the Lunar New Year, which falls on Jan. 23 this year. It is a time of gift-giving that takes place during family dinners, with the older generation giving money to younger members. And as the Chinese have gotten richer, gold?in the form of jewelry, coins and even bars?is becoming the gift of choice.
In preparation for the festivities, China imported a record amount of gold in November, the most recent month for which data are ...
BY RHIANNON HOYLE AND YUE LI
SHANGHAI?The year of the dragon is breathing new life into gold prices.
The Chinese have been loading up like never before on gold ahead of the Lunar New Year, which falls on Jan. 23 this year. It is a time of gift-giving that takes place during family dinners, with the older generation giving money to younger members. And as the Chinese have gotten richer, gold?in the form of jewelry, coins and even bars?is becoming the gift of choice.
In preparation for the festivities, China imported a record amount of gold in November, the most recent month for which data are ...
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