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Premiums on physical gold jumped this week, driven by supply constraints and strong demand for bullion as a safe-haven, as economic worries mount in top consumer China. The downturn in... -Today at 07:59 am- MarketScreener
Premiums on physical gold in China jumped to the highest since December 2016 this week as economic worries spurred fresh safe-haven demand, while lower domestic prices brought back some buyers in... -Today at 08:33 am- MarketScreener
Gold price in the US dollar briefly dropped to a 7-week low below $1900 with strong US retail sales, while the gold premium in China rose to 10-month highs, as Beijing’s surprise rate cut deepened concerns over the health of the world second largest economy
Precious metals market analyst Jan Nieuwenhuijs writes about how the People's Bank of China is mainuplating the domestic gold price.
Gold prices reversed most of Friday’s gain on Monday, while markets remain ‘sceptical’ about the upside potential as gold ETFs continue to liquidate and net bullish bets on futures and options declined