Wed, Aug 20, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

How Chinese consumers helped gold prices to slump

Posted on 23 April 2014

China is becoming much more influential on the global gold market. Its consumers invested heavily in gold jewelry and bars last year to make the country the world’s largest gold market. In the past, investors would predict gold prices based on India’s performance, and now they have to factor in China.
A recent slump in gold price was linked to behavior in China. The country greatly slowed the growth of its money supply, and that slowdown reduced investment in gold. This caused prices to slump, brining about a downturn, much like what happened to copper………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 36521 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31