GOLD prices are on the rise again after a rough first half, with silver trading at $16.60 an ounce on Monday, a four-year low.
The gold price has recovered from the first half’s plunge to $1,092.00, while the silver price has been stuck in the $1.06 range.
The Chinese government is expected to announce more measures to stimulate growth, while Chinese firms are continuing to push for more reforms.
Gold and silver are also being linked to the US dollar, with a sharp rise in the price of the metal in the last few weeks and a sharp drop in the USD value in the past two weeks.
The rise in gold prices has coincided with a rise in demand for silver, with demand for the precious metal in China also increasing in recent weeks.
Chinese officials are pushing to increase the amount of gold they have available, with the central bank now suggesting that it may begin to raise the gold reserve ratio to a level that will be sufficient to keep the currency stable for years to come.
Gold was initially seen as a safe haven in times of turmoil, with many expecting a stronger dollar and higher demand for it.
The country has been on a bull market in recent months, and the central banks gold reserves have soared since November.
