Daily average Gold price in NZD$
A busy weekend, thanks to an announcement by China, which has the biggest gold and foreign-currency reserves. China has increased its gold holdings by 76 percent since 2003, said Hu Xiaolian, the head of the State Administration of Foreign Exchange. China added 454 metric tons to its reserves, which rose to 1,054 tons, through domestic buying and scrap refining, Hu told the Xinhua News Agency today.
This is expected to see a positive influence on the gold price in the short to medium term (example in case the Gold price is Pushing USD$920 this morning already)
Bloomberg: China Increases Gold Reserves 76% to Fifth-Largest (Update4)
NZD$ News this morning: N.Z. Dollar Drops on Rate-Cut Concerns, Australia’s Declines
Gold coins are a great way to go.....
