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China firm launches stock indices to tap into rush for safe-haven gold
![IndiaTimes]()
Wednesday, 1 November 2023
The new indexes, launched by the China Securities Index Co, include shares of global gold miners such as Newmont Corporation and Barrick Gold. "The indexes offer a new method beyond traditional strategies," the government-backed index company said in a statement. "It provides the market with more tools to invest in the gold business, and can help households better manage their wealth." Spot gold has gained more than 8% so far this year, rising to an almost six-month high of $2,009 an ounce last week.
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Wednesday, 1 November 2023
