Gold is getting a boost in China, as the PBOC says it will allow banks to import and export more...

|By:, SA News Editor
Gold is getting a boost in China, as the PBOC says it will allow banks to import and export more of the metal as it tries to develop the country's gold market. The central bank also says banks will be allowed to hedge their positions in gold in overseas markets, and will be encouraged to lend more to domestic gold firms looking to go abroad.