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Gold price hits new month high

08-30-2010 11:18 BJT

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Gold futures in Shanghai hit a new August-high last week. The recent rally of China's gold prices is in line with the increase of international gold prices.

Investors look to gold as a safe haven when other capital, like equities, becomes riskier. Gold prices fell significantly in July, but began their upward trend in August. As concern mounts about the US economy's recovery, investors have withdrawn from the stock and commodity markets in favor of the precious metal.

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Editor:Xiong Qu |Source: CNTV.CN

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