Gold defies pessimists as Chinese buyers change minds
Volatility on Shanghai's sharemarket has driven up the price of gold this year to nearly $US1100 an ounce.
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Predictions of a further fall in the gold price this year appear premature.
Volatility on China's sharemarket has driven up the price of gold by 4.3% this year to $US1098 an ounce, though an overnight a rise in the US dollar pared this back to $US1088 .
This follows a fall of nearly 11% in 2015
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Nevil Gibson
Wed, 13 Jan 2016
Wed, 13 Jan 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Gold defies pessimists as Chinese buyers change minds
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