China's First Gold Exchange Opens for Trade

Ulhas Joglekar uvj at vsnl.com
Tue Nov 12 18:21:11 PST 2002


Diane Monaco wrote:


> Nice timing too for this market as gold prices begin to rise amidst
> geopolitical uncertainties and a weakening US dollar. A weaker dollar
> provides investors, in the rest of the world, an advantage when buying
> dollar-denominated gold. Also, there is some evidence that the recent US
> outflows of funds -- in response to the Fed's most recent rate cut --
> flowed into monetary metal assets like gold.

The trend in gold prices: Will this continue in the medium term, say 3-5 years?

Ulhas



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