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Goldplat plc

The Year Of The Pig: Gold To Climb In February As China Celebrates The Lunar New Year

As China rings in the Year of the Pig, gold demand will temporarily stall as markets remain closed for the celebrations, but prices are expected to pick up in the second week of February, according to some analysts.

Even though gold is a popular gift item during the Chinese New Year celebrations, most of the shopping has been done ahead of this week, with most Asian markets scheduled to remain closed for the holiday week.

 

Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana. The Company also has a small gold mining and exploration portfolio in Kenya, Ghana and Burkina Faso.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.