{"id":407318,"date":"2010-03-09T06:41:00","date_gmt":"2010-03-09T11:41:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/china-throws-a-big-wet-blanket-onto-the-gold-market-2010-3"},"modified":"2010-03-09T06:41:00","modified_gmt":"2010-03-09T11:41:00","slug":"china-throws-a-big-wet-blanket-onto-the-gold-market","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/407318","title":{"rendered":"China Throws A Big Wet Blanket Onto The Gold Market"},"content":{"rendered":"<p>Sorry gold bulls, China does not intend to make some huge gold purchase, driving the price towards the sky.<\/p>\n<p>Yi Gang, vice-governor of the PBOC, noted that while gold could be a nice asset, China intends to proceed &#8220;cautiously&#8221; with any further purchases, according to <a href=\"http:\/\/english.caijing.com.cn\/2010-03-09\/110392617.html\">Caijing<\/a>. He apparently cited general market conditions for the bank&#8217;s hesitance to purchase more.<\/p>\n<p>In recent weeks there&#8217;s been a lot of talk of China buying a big chunk from the IMF, which is in dumping mode, and so without China aggressively buying, the fear is that this will hit the market and depress prices.<\/p>\n<h3><strong>Don&#8217;t miss: <a href=\"http:\/\/www.businessinsider.com\/15-facts-about-china-that-will-blow-your-mind-2010-2\">15 facts about China that will blow your mind &gt;<\/a><\/strong><\/h3>\n<p>Here&#8217;s the latest price chart:<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b9633d17f8b9a641a080900\/null.png\" border=\"0\" alt=\"null\" \/><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/china-throws-a-big-wet-blanket-onto-the-gold-market-2010-3#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/china-in-the-end-didnt-buy-gold-from-the-imf-because-it-has-better-ways-to-use-its-money-2010-3\">China, In The End, Didn&#8217;t Buy Gold From The IMF Because It Has Better Ways To Use Its Money<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/gartman-dont-be-fooled-the-imf-will-ultimately-bail-out-greece-2010-3\">Gartman: Don&#8217;t Be Fooled, The IMF Will Ultimately Bail Out Greece<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/ecb-rejects-imfs-idea-2010-2\">Euro Bulls Suffer A Near Miss As IMF Suggests Europe Target Higher Inflation<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/Qo3uChQTWfo\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sorry gold bulls, China does not intend to make some huge gold purchase, driving the price towards the sky. Yi Gang, vice-governor of the PBOC, noted that while gold could be a nice asset, China intends to proceed &#8220;cautiously&#8221; with any further purchases, according to Caijing. He apparently cited general market conditions for the bank&#8217;s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-407318","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/407318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=407318"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/407318\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=407318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=407318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=407318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}