Chinese language bullion sellers are both out of gold or they’re doing this, and the identical goes for retail consumers…
by Jason Burack of Wall St For Major St
Gold futures rose above $1400/ozin US on the COMEX for the primary time since September 2013 yesterday. The gold value in RMB/Yuan has additionally gone up rather a lot within the final 12 months since July 2018 and much more since mid-March and Could 2019. One in every of Jason’s sources in China additionally informed him some very attention-grabbing details about the Chinese language gold market together with how Chinese language bullion sellers are both out of gold or are hoarding it anticipating a lot greater costs. The identical goes for retail consumers of gold. They don’t have any plans of promoting it and anticipate greater costs.
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