Aug 012013
 

China launched two gold-backed Exchange-Traded Funds in Shanghai on Monday, a vital role in the opening-up of the country’s gold market, said analysts.

Continued innovation in the range of gold investment products available across a range of countries including gold accumulation plans in China confirms the healthy appetite for gold among investors, said Yang Yijun, chief analyst with Wellxin.com, a precious metals consultancy.

In a picture taken on October 26, 2011 a

Two Gold-Backed ETFs Launched In Shanghai