China Goes Prospecting for World’s Gold Mines

“Chinese gold miners are aggressively scouting for overseas acquisitions, encouraged by historically low gold prices that could help them scoop up assets cheaply.

Though gold prices have risen by more than 16% since hitting a six-year low in December, the metal has still been trading close to levels last seen in 2010, in a range of roughly $1,220 to $1,240 a troy ounce.”

Source: China Goes Prospecting for World’s Gold Mines – Yahoo Finance

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