Supply & Demand

Unless something very dramatic happens on Monday, we are not going to get a reverse symmetry breakout. A pullback is much more likely.

China’s net monthly gold imports via Hong Kong in August surged nearly 61%, after falling to their lowest in more than eight years in July, the Hong Kong Census and Statistics Department data showed on Thursday.

European Union gold imports and exports for July.

Two current and one former JPMorgan Chase & Co executives were charged over allegedly participating in market manipulation in the trade of precious metals including gold, silver, platinum and palladium between 2008 and 2016, the Department of Justice said on Monday.

China has added almost 100 tons of gold to its reserves since it resumed buying in December, with the consistent run of accumulation coming amid a rally in prices and the drag of the trade war with Washington.

Precious metals are set to rise much higher, but after the sharp rise in recent months, a correction is needed and probably imminent.

This year is highly likely to be a year of changes for the investment gold market in Russia: the Ministry of Finance will assess the feasibility of VAT exemption on investment gold, the State Duma will consider a bill to allow citizens to purchase precious metals in individual investment accounts...

This third leg up should bring a virtually continuous rise to about $ 19.5 in October. After a quick consolidation to $ 17, silver will resume its rise to its first goal, which is $ 21.

There’s a powerful constant amid the to-and-fro of the U.S.-China trade war as currency policy gets dragged into the standoff between the world’s two top economies: Beijing wants more gold in its reserves.

Confidence and euphoria will turn to fear and despair. Once the market realises that this time central banks have no weapons left in their armoury and that money printing or lower rates have no effect, there will be real panic.