www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
China / Society

Chinese Dama investors lose big as gold loses shine

(chinadaily.com.cn/Agencies) Updated: 2015-07-21 15:20

Chinese <EM>Dama</EM> investors lose big as gold loses shine

Customers buy gold jewelry at a shopping center in Xuchang, Henan province. China's central bank said that its bullion reserves have increased 57 percent to 1,658 metric tons since 2009. [Photo/China Daily]

Chinese Dama, or middle-aged women, seemed to have lost a lot after they bet big on gold as the price of the yellow metal sank to its lowest level in more than five years.

Many Dama investors recently turned away from the Chinese stock market, which has been on a roller-coaster ride in the past few weeks, and invested on the gold.

But bullion for immediate delivery tumbled as much as 4.2 percent to $1,086.18 an ounce, the lowest price since March 2010.

Gold has fallen out of favor with investors as US Federal Reserve Chair Janet Yellen prepares to raise rates this year, boosting the dollar. While China also updated its bullion reserves on Friday for the first time since 2009, the 57 percent increase to 1,658 metric tons was smaller than had been estimated.

China bought about 604 tons of gold since 2009, second only to Russia, according to data from the People's Bank of China, or the central bank, and the International Monetary Fund. The total holdings make China, the world's biggest producer and fifth-biggest gold owner.

In mid-April 2013, when gold prices fell to a lower level, many Dama investors jumped at the chance for what they deemed a bargain.

It was estimated that the Dama investors bought 300 tons of gold in 10 days. But the exhilarating scenes of Chinese Dama buying out all the gold in every jewelry store has gone sour with the gold price continuing to fall since then.

Chen Sijin, a senior consultant at Royal Bank of Canada's Risk Management Department, wrote in an article in Beijing News that price of the gold jewelries purchased by the Dama investors were generally higher 20 percent than the international gold price.

Different from bullion, they are not investment commodities in the real sense as the jewelries can't be kept to fend off inflation, he said.

The Dama investors who bought gold today won't be able to recoup their costs until the gold price surges to $1,360 an ounce, Chen said.

Highlights
Hot Topics
...
主站蜘蛛池模板: 亚洲成人视 | 国内外成人免费视频 | 一级毛片一片毛 | 真人一级毛片国产 | 日本三级欧美三级人妇英文 | 成人看片黄a毛片 | 亚洲图片国产日韩欧美 | 在线男人的天堂 | 在线免费一区 | 国产亚洲一区二区在线观看 | 亚洲欧美一区二区三区在饯 | 久草热视频在线观看 | 亚洲第一成年免费网站 | 欧美久久久久久久一区二区三区 | 久草欧美 | 欧美一级网站 | 自拍视频一区 | 最新国产大片高清视频 | 成人免费观看一区二区 | a级片在线免费播放 | 一区二区三区不卡在线 | 大片刺激免费播放视频 | 在线观看日本视频免费 | 久久精品国产亚洲麻豆 | 99久久国产免费中文无字幕 | 国产一级毛片免 | 久久久久一级片 | 在线视频久草 | 免费国产黄网站在线观看视频 | 国产一国产一级毛片视频在线 | www女人| 日韩一区二区视频在线观看 | 在线观看国产一级强片 | 免费国产视频在线观看 | 国产精品99久久久久久人 | 99ri在线精品视频 | 国产成人久久久精品一区二区三区 | 久久免视频 | 亚洲成人免费网址 | 日本高清久久 | 国产精品成人免费观看 |