China, where inflation reached a two-year high last month, still might increase its one-year lending and deposit rates by 0.25 points by the end of 2010. Lending presently stands at 5.56 percent; deposit stands at 2.5 percent.
On Friday, gold prices endured their highest slippage in the second half of 2010, tumbling 2.8 percent. But after no developments with China's rates, gold prices hiked Monday, rising 0.6 percent to $1,376.28 per troy ounce just before 11 a.m. in Seoul. Demand for investment opportunity also went up.
Silver for immediately delivery, after tumbling on Friday 5.9 percent on the same speculation that sent gold prices down, increased on Monday as high as 1.6 percent to $26.49 an ounce before trading at $26.4325. Its Friday loss was its biggest since February 4.