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China launches stock indices to tap into rush for safe-haven gold
By Jason Xue, Samuel Shen, Summer Zhe
Reuters
Wednesday, November 1, 2023
SHANGHAI -- China's biggest index provider today launched two gold-linked stock indices to cash in on surging demand for exposure to the safe-haven metal amid a slump in the local real estate market and volatile global markets.
The new indexe, launched by the China Securities Index Co, include shares of global gold miners such as Newmont and Barrick Gold.
"The indexes offer a new method beyond traditional strategies," the government-backed index company said in a statement. "They provide the market with more tools to invest in the gold business and can help households better manage their wealth." ...
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