Shanghai Pushing Gold to $1,600 Thwarts Fight to Shut Mines

China's hunger for gold will both help drive the price of the metal higher, and at the same time undermine the country's goal of gaining control of its Wild West mining industry

(Bloomberg) — Yu Zudong rides an orange truck rattling down Xiaoqinling mountain in central China, past a landscape pockmarked with gold caves and the garbage-strewn tent homes of workers.

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