02.12.2014 - China holds the gold price key
Those gold bug optimists who reckoned the likely Swiss Gold referendum ‘No’ vote had already been discounted by the markets were initially proven wrong. With some forlorn gold hopes hanging on for a surprise 'Yes' vote, the result was going to produce a knee-jerk reaction downwards as it will have perhaps prompted more selling from exasperated gold investors. As the almost certainty of a ‘No’ vote became apparent, the gold price dipped quite sharply in late trading on Friday, and this morning, now the referendum result has become fact with the ‘No’ vote comfortably prevailing, it initially moved another few notches downwards, but has since made something of a strongish recovery back to the $1,170s...............................................Full Article: Source
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