Dubai crisis leads China to buy oil, gold

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Tue, Dec 1, 2009
Gold Market News
Post by Melissa Pistilli, Gold Senior Reporter

Reuters reports that Dubai’s debt crisis gives way for China to buy gold and oil assets.

The news release is quoted as saying:

If the gold price comes down for a while, we might take the opportunity to buy a bit,” the Economic Information Daily, run by Xinhua news agency, quoted economist Li Yining as saying.

Click here to access the entire news release

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