RMB Appreciation: How to Invest in Gold to Hedge Against Interest Rate Risks

by rkcms on 2008-04-19 15:26:00

Analysts from Gaosai'er Gold and Silver Company indicated that when the RMB appreciates, it's best to invest in domestic physical gold or foreign spot gold markets. Due to the continuous devaluation of the US dollar, spot gold and paper gold have been accepted by more and more investors, with their prices rising increasingly. Meanwhile, international gold prices are mainly denominated in US dollars; as long as the RMB appreciation slows down while the international gold price continues to rise rapidly, the increase in domestic gold prices will become closer to that of international gold prices.