Gold trading in the first supranational reserves grew nearly 3 times times year-on-year

July 2, according to the Hong Kong Wen Wei Po, the deputy director of the National Wang Xiaoli revealed that last year the mainland Commercial bank accounts gold (paper gold) transaction amount of 272 billion yuan, the year-on-year growth of nearly 3 times times. BEIJING, July 2, the mainland commercial banks last year's account Gold (paper gold) business accumulated 1424 tons, for the first time exceeded the national gold reserves.　　Wang Xiaoli, deputy director of the State administration of foreign Affairs, said last year, the mainland Commercial bank accounts gold (paper gold) transaction amount of 272 billion yuan, the year-on-year growth of nearly 3 times times. According to the Hong Kong "Wen Wei Po" reported that the financial crisis on the market caused by the huge threat, in the "flourishing antique troubled gold" traditional concept of financial management, the mainland investors continue to buy gold hedge.　　According to the Shanghai Youth Daily, the record of a single purchase of gold in Shanghai has been refreshed from 4 million yuan to 8 million yuan recently. But as the mainland stock market climbs again, it is likely that the gold bull market is fading again, as it returns to 3,000.　　Industry, with the  international oil prices fell to the bottom line of the rebound, the strong dollar weakened the attractiveness of gold hedging, gold in the short term the possibility of a sharp rise in the slump. The international gold price tumbled to 926.4 U.S. dollars per ounce after June 30, a small pick-up on 1st, and stood at 930 dollars per ounce of trading line by 16 o'clock in the afternoon today.