Otmane El Rhazi from
The Bullion Desk.
- It’s been another dire week to be involved in the precious metals market this week, gold hit its lowest level seen in 2015 so far.
- There’s likely to be a number of driving factors, but ultimately, weak physical demand, a lack of safe-haven interest and a dollar that is picking up some real pace is painting a bad picture for gold.
- The Chinese central bank has reported its first official increase to gold reserves in six years – reserves are now over 1600 tonnes.
- Platinum and palladium are also looking dire at the moment, with platinum in particular dropping through $1,000 per ounce for the first time in six years.
|
The post GOLD WEBCAST – Gold price hits 2015 low, China announces gold reserves appeared first on The Bullion Desk.
No comments:
Post a Comment