Gold buyers still buying, despite price falls

By Wang Ying in Shanghai | China Daily | Updated: 2013-06-29 07:41

Goldornaments are arranged for display at a store in Huaibei, Anhui province, on Friday. With gold prices continuing to slump, a steady number of investors are still increasing their gold holdings in the hope of a price rise. Xie Zhengyi / For China Daily

Chinese investors have continued their buying frenzy for gold as the price of the precious metal headed for $1,200 per ounce.

But analysts have warned that gold's price volatility is expected to remain, reminding over-eager buyers that the metal's immediate outlook remains bleak.

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