Gold prices rise amid China’s missing bullion mystery

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Gold hit a three-month high on Tuesday morning, defying most expert views that 2014 would see further falls in the precious metal a day after a report revealed 500-tonnes of bullion is missing somewhere in China. However, the recent rally still has many analysts questioning whether the recent turnaround is just a “dead cat bounce” or a sustained revision in market sentiment? The yellow metal is up 6pc since the beginning of the year at around $1,290 (£785) but still a long way off the historic high above $1,900 that was achieved in in 2011. Gold endured its biggest price collapse in 30 years in 2013 as investors shifted assets out of exchange traded funds and into higher yielding equities. More
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