Tim Iacono is staying on the China topic and how some misinformation could have contributed to moving gold lower last week. Here are some of the main points Tim addresses…
- Gold and silver prices fell after a number of unfavorable news reports on China gold demand that were all very misleading.
- This is symptomatic of the trouble precious metals have had in the West as investor interest has waned.
- A stronger dollar and rising broad equity markets also pressured precious metals.