Going for Gold: Russia, China Ditch Billions of Dollars for Prized Bullion

Global demand for gold in the first quarter of 2016 was 1,290 tons, the highest ever for a first quarter, as investors sought a safe haven due to the economic fragility and uncertainty raised by negative interest rates, the World Gold Council reported on Thursday.


The price of the malleable metal has risen 19 per cent since the beginning of this year to $1,275 per troy ounce.










Read more: http://sputniknews.com/world/20160517/1039744077/russia-china-buy-gold.html#ixzz48vtytIkE

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