RMB gold futures achieve highest one-week increase in 8 years

SHANGHAI, Aug. 9 (Xinhua) -- RMB gold futures continued to soar this week, reaching the highest increase since the end of 2011.

The most active gold contract on Friday closed at 345.9 yuan a gram, marking the highest since December 2012.

Statistics show that the cumulative increase of gold prices in August reached 7.6 percent, almost equivalent to the total rise in June.

In terms of investment channels, the spot transaction of both RMB gold ETF and gold futures surged.