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Home | Gold Continues Rise, HSBC Enters China Market |
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Gold Continues Rise, HSBC Enters China Market
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- August 31, 2011
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Gold, which usually rises as the dollar weakens, hit its third record in five days, notching a near 9 percent monthly gain for July. Meanwhile, HSBC has been granted access to trade gold futures in Shanghai.
Gold hit another all-time high on Friday as investors sought a safe haven after anemic U.S. growth data raised the specter that a potential recession could spur the Federal Reserve to loosen monetary policy. Gold was helped by a sinking dollar, as investors fretted over sovereign debt in the United ...
- Read more at:http://www.1888pressrelease.com/gold-continues-rise-hsbc-enters-china-market-pr-331135.html
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