china

GOLD Gold and Silver held well in the face of a sizeable drop in the Oil market today. Gold has traded in a narrow trading range between $1,230 and $1,240 per ounce. Tomorrow, China will launch a Yuan-denominated Gold fix on the Shanghai Gold Exchange, just one more step in China’s move to replace the U.S. Dollar as the world’s...

GOLD A short term rally in the U.S. Dollar, and some light profit taking after the recent Gold rally, moved the Gold price down to $1,240 before finding bargain buyers. Gold needs to move back above $1,250 this week to stay short term bullish. The U.S. budget deficit is moving higher. The deficit increased $461 billion in the last six...