Gold Investing News » Dubai crisis leads China to buy oil, gold

Dubai crisis leads China to buy oil, gold

December 1, 2009 @ 9:45 am In Gold Market News

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 ^[1]

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URL to article: http://goldinvestingnews.com/2792/dubai-crisis-leads-china-to-buy-oil-gold.html

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[1] Click here to access the entire news release: http://www.reuters.com/article/GCA-Oil/idUSTRE5AT0A220091130