China’s benchmark interbank gold prices higher Friday

China’s benchmark interbank gold prices higher Friday

BEIJING (XINHUA/APP): China’s benchmark prices for spot interbank gold transactions were higher Friday, according to the China Foreign Exchange Trade System.
The benchmark price for gold of 99.95 percent pure or above stood at 371.5 yuan (about 58.3 US dollars) per gram, up 3.67 yuan from the previous trading day, and that for gold of 99.99 percent pure or above went up 4.02 yuan to 371.82 yuan per gram.
Spot transaction prices on the interbank price inquiry market are allowed to rise or fall within 15 percent from the benchmark prices each trading day.
The interbank gold price inquiry business was introduced in 2012 to enhance market liquidity and enrich trading models.
China expected to sell 27.5 mln vehicles in 2022
Vehicle sales in China are expected to grow 5.4 percent year on year to reach 27.5 million units in 2022, according to the China Association of Automobile Manufacturers (CAAC).
Passenger car sales are forecast to reach 23 million units next year, up 8 percent year on year, while sales of commercial vehicles are expected to see a 6-percent drop to 4.5 million units, the data showed.
The CAAC expects sales of new-energy vehicles in China to surge by 47 percent from 2021 to reach 5 million units next year.
The association also predicted that sales of vehicles in China would reach 26.1 million units in 2021, up 3.1 percent year on year.

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