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The gold price on the international market dropped to as low as 1535 USD per ounce
Source:   Publish Date: 2011-9-28 14:20:00

The gold price on the international market dropped to as low as 1535 USD per ounce


Comex Margins yesterday (26th) indicates that the gold price on the international market dropped to as low as 1535 USD per ounce, which represents a dramatic 15% decrease in only 3 consecutive days. In Guangzhou, many residents queued up to buy gold bars. Our journalist Tang Mengyuan has more:
This morning (27th), over 20 people queued up at the gold counter at Dongshan Department Store. Manager Mr. Lei told us :
"Since yesterday we've been selling gold non-stop. Yesterday alone we sold 2 million Yuan worth of gold bars, never before had we exceeded even 1 million Yuan in day."
However, analyst Mr. He advised investors that they should remain sensible:
"The money you invest in the gold market should not exceed 20% of your idle funds. After all, the attraction of gold investment is because it is relatively inflation-proof in its value. Investors should not expect its value to greatly appreciate. I think the possibility is very low."

Prices of edible oil, rice and wheat are likely to go up
During the upcoming few months, prices of edible oil, rice and wheat are likely to go up, a report delivered at the 11th Guangdong NPC Standing Committee meeting claimed. The province's CPI in the upcoming months is likely to be controlled within an increase margin of 5%. The Guangdong Price Control Bureau said they will provide more aid in the production of agricultural products.

The first Nansha Ecological Coastal International Tourism Fair will be held on this Friday
The first ever Nansha Ecological Coastal International Tourism Fair will be held from this Friday until Oct 7th, a total of 8 days. The theme of this tourism fair will be coastal ecology, showcasing the unique Nansha wetland, with its coastal parks and canal towns.

 
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