Gold Needs to Break $1,600
Last week gold fell and then rose. But, for the sake of preserving momentum, further gains are needed.
Articles Tagged "china"
WGC Sees China Becoming World’s Largest Gold Market
Bloomberg reported that increasing incomes in China may help it become the world's biggest consumer of gold.
Lower Gold Prices May Stagnate Chinese Demand
Bloomberg reported that China's demand for gold may slow down as investors shy away due to lower prices.
China Gold Imports Signal Emergence as World’s Largest Gold Consumer
Bloomberg reported that China is importing more gold from Hong Kong, adding to speculation that the country may become the world's largest annual gold consumer.
Nations Put Pressure on Gold
News from India, China, and Mali worked against the gold markets last week.
Gold Prices Down as Investors Fear Economic Slowdown
Reuters reported that anticipation of China slowing its manufacturing and growth caused gold prices to drop.
Gold Down on Slower China Growth
Bloomberg reported that gold prices fell along with commodities as analysts saw Chinese economic growth slowing.
Gold Price Lower on Weak China Growth
Gold prices weakened earlier this week as a result of China reducing growth estimates to an eight-year low of 7.5 percent. On a relative basis, the current price of gold represents a 1.2 percent total decline from last week.
Gold Prices Fall as China Announces Lower Growth Target
Bloomberg reported that gold prices dropped after China's lower economic growth targets put a damper on market sentiment.
Majestic Updates Gold Production of Chinese Subsidiary
Majestic Gold Corp. (TSXV:MJS,FWB:P5E) announced the results of its subsidiary Yantai Zhongjia Mining Company's quarterly production.
