China’s stock market is down more than a third this week, with the Dow Jones Industrial Average down more about 200 points to 4,500.
China’s largest gold futures market is shutting down, leaving the world’s largest market for gold prices in turmoil.
China is the world leader in gold trading, but it has been the world economy’s gold market that has suffered the most from the recent decline in China.
In response to the news, gold prices have been dropping on the spot market.
But this week’s fall has been worse than usual, and gold prices on the market are now down about 10 percent since the beginning of the week.
The market is still trading near all-time highs.
Gold futures futures are sold on the NYSE, but this week the market is trading at about 4,100 US cents per ounce, or about $6,800 per ounce.
That’s lower than the market’s all-Time high of 4,850 US cents a pound, or $13,800 a pound on Monday, the day before the market was hit by a massive run on gold futures.
In a recent article on CNBC, CNBC’s Bill Whitaker said that the drop in gold prices has come because of a “huge rally in Chinese stocks.”
On Monday, Chinese stocks are down a whopping 16 percent, or roughly $16 trillion, or over 90 percent of their value.
Whitaker also reported that China has suffered “a severe hit to confidence.”
China’s stocks are now trading at $14,800, or nearly $20,000 per ounce on the gold futures exchanges.
China was a major global trading hub, and many foreign companies are based in the country.
But in recent years, the country has experienced severe economic and political unrest and a string of deadly attacks.
Chinese authorities have said that many of the recent attacks are linked to the government’s crackdown on dissent.
Many investors have been buying Chinese stocks on the secondary markets, hoping to cash in on the drop.
The drop in Chinese stock markets comes as Chinese President Xi Jinping has been making a major push to boost economic growth and job creation in the wake of the country’s economic meltdown.
He has vowed to reform China’s economy, and he has promised to invest in infrastructure and new technologies.
China has also been working to strengthen its military to fight its arch-rival, the U.S.