Yifan Hu

Yifan Hu Articles

China’s Demand For Gold

By Yifan Hu - October 24, 2013

Speculators in Wall Street learned a new term recently, the “Chinese Dama” (中国大妈), which refers to middle-aged female shoppers who can move markets. After the gold price fell significantly—by more than $200/ounce in April—the Damas moved...

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The term “carat” comes from “carob seed,” which was standard for weighing small quantities in the Middle East.

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