Gold and Silver futures soar in China
Adam Pike, News Editor
19 Mar 2014, 10:55 a.m.
According to the Futures Industry Association's annual report, the amount of Gold futures traded on the Shanghai Futures Exchange has increased by a staggering 416% to 20.09 million contracts in 2013 when compared to 2008. The amount of silver future contracts have also significantly increased with 173.22 million contracts traded in 2013.
Chinese demand for both gold and silver has reportedly remained strong at the start of 2014.