Gold opens at $4,001 after China changes gold tax rebate
Gold () futures opened at $4,001 per ounce on Monday, up 0.5% from Friday’s close of $3,982.20. The price of gold has remained between $3,910 and $4,040 since October 28. Over the weekend, China announced a change to its gold tax policy. The country formerly allowed retailers to offset a 13% value-added tax when selling…