US, EU and China To Revalue Gold In New ‘De Facto’ Gold Standard

] US, EU and China could pursue joint revaluation of precious metal By Willem MiddelkoopOfficial Monetary and Financial Institutions Forum via OMFIFLast year 22 central banks, situated largely to the east of Germany, bought the largest amount of gold since 1967, the year the London Gold Pool collapsed. The gold repatriations by many European countries … Read more

Gold Holds Above $1,500 As Central Banks Lose Control and China Continues to Buy Gold Bullion

Gold Holds Above $1,500 As Central Banks Lose Control and China Continues to Buy Gold Bullion

] NEWS & COMMENTARY Gold and silver are 4% and 4.7% higher respectively for the week so far 1 Week Relative Performance (Finviz.com) Gold ends lower but holds firmly above $1,500; Silver loses grip on $17 Gold dips, taking a breather after surpassing key $1,500 level China Increases Gold Reserves & Diversifies From The Dollar … Read more

Gold Marginally Higher; China Buys 100 Tons of Gold For Its Reserves In 2019

Gold Marginally Higher; China Buys 100 Tons of Gold For Its Reserves In 2019

] ◆ Gold eked out small gains of 0.4% to $1,512/oz after falling nearly 1% last week; Improved risk appetite are capping gains for now ◆ Gold may go lower in the short term and support is at $1,500 and $1,450 per ounce but strong global safe haven demand from investors, family offices and central … Read more

Gold At 3 Week High As Stocks and Dollar Fall On Trump’s Hard Line Stance Against Iran and China

Gold At 3 Week High As Stocks and Dollar Fall On Trump’s Hard Line Stance Against Iran and China

] ◆ Gold has edged higher to reach three week highs at $1,535/oz today after Trump took a hard-line stance on China and Iran during his U.N. speech ◆ Stocks fell in the U.S. yesterday and today in Europe on increasing political turmoil in the U.S. and the UK; Concerns about the global economy and … Read more

Gold Futures Fall On Trade Deal Hopes; Central Banks of China, Russia, Turkey Buy Gold Bullion

Gold Futures Fall On Trade Deal Hopes; Central Banks of China, Russia, Turkey Buy Gold Bullion

] NEWS and COMMENTARY Gold falls as trade-deal uncertainty cuts safe-haven demand China says it has agreed with the US to cancel existing trade tariffs in phases BOJ to continue massive monetary stimulus to hit 2% inflation Dow futures jump 100 points after China and US reportedly agree to remove existing tariffs Syria is lost, … Read more

Gold Jewellery Demand In China To Fall On Virus; HNW and Institutional Gold Demand May Increase

Gold Jewellery Demand In China To Fall On Virus; HNW and Institutional Gold Demand May Increase

] ◆ Sales of gold jewelry in China are set to plummet this year as the economic damage from the deadly coronavirus crisis widens ◆ People not “in mood” to shop for jewelry says China Gold Association ◆ Luk Fook shortens business hours at stores to curb infections ◆ Editors note: China’s gold jewelry demand … Read more

Trump Threatens China Seeking $160 Billion In “COVID-19 Reparations”after China Gold Exchange Calls For New Super Sovereign Currency

Trump Threatens China Seeking $160 Billion In “COVID-19 Reparations”after China Gold Exchange Calls For New Super Sovereign Currency

] Gold in USD – 3 Days NEWS and COMMENTARY Gold ticks up as dollar weakens; Fed decision eyed Trump says “COVID-19 reparations” coming, “US will bill China at least $160 billion” China Gold Exchange President Calls For Super Sovereign Currency Post-Crisis China starts major trial of state-run digital currency Fed likely to renew vow … Read more

WESTERN DIGITAL GOLD MARKET IS BREAKING UP AS CHINA and ASIA ASSUME DOMINANCE

WESTERN DIGITAL GOLD MARKET IS BREAKING UP AS CHINA and ASIA ASSUME DOMINANCE

] ◆ Physical Gold Market Is Globalising As People and Institutions Globally but Particularly in Turkey, the Middle East, South East Asia, India, China Assume Dominance Over Banks in New York and London ◆ The London and New York fractional, unallocated bank gold trading and digital gold market is breaking up ◆ “This wasn’t peak … Read more

Demand for Gold Surges in China

Demand for Gold Surges in China

] News reports flooded the precious metals news websites that China has drastically increased its quota on how much gold that nation’s banks can import. “China has given domestic and international banks permission to import large amounts of gold into the country, five sources familiar with the matter said, potentially helping to support global gold … Read more