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During the National Day holiday, the international gold market saw a marked rise in gold prices, touching an all-time high of 1,366 dollars per ounce. The gold market in Fuzhou, China is not an exception, where gold’s price has reached up to RMB 368 per gram.
“One day sees one record,” said a salesclerk in a jewelry store. “From RMB 350 per gram to RMB 368 per gram!” Some analysts say there will be another rise, since the skyrocketing price hit the international market and the Chinese spring festival is drawing on.
It's clearly becoming an increasingly attractive commodity for investors. However, experts in this field offer an early warning to them, saying there is as much risk in investing in gold as other commodities for investors. Facing soaring gold prices and various investment approaches, investors should think twice before making their choices. In this way, returns can be maximized and risks controlled.
By Tang Zhi
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