USD 64.1213

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BRENT 64.01

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AI-92 42.4

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AI-95 46.11

0

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Diesel 46.15

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19

Chinese Gold Output at Record High

Market forces working in China's favor...

China's gold output reached a record 200.598 tons in 2003, according to the China Gold Association.

In 1945, China's gold output was 4.5 tons, and reached 100 tons in 1995, sources at the association said. Since the early 1990s, the Chinese gold industry has experienced a huge change. China canceled the policy of controlling the buying and selling prices of gold in April 2001, and opened its first gold exchange center in Shanghai in 2002.