Kitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
- China's appetite for gold remains insatiable as the nation's central bank added more of the precious metal to its foreign reserves for the tenth consecutive month.
The PBOC has been the leading central bank in the gold market. And its current buying spree has matched its previous 10-month run that ended in September 2019. "I don't think this scramble away from the U.S. dollar is going to end anytime soon,” said Edward Moya, senior market analyst at OANDA. "I don't believe the U.S. dollar is going to zero anytime soon, but there is a real effort to diversify away from the U.S. dollar and when you start looking for other assets, you don't have a lot of options other than gold,” she said."There are no political risks with gold, which is becoming very important.”
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
China's August exports, imports fall less than expectedBEIJING (Reuters) - China's exports fell 8.8% in August year-on-year, while imports contracted 7.3%, customs data showed on Thursday, increasing ...
Lire la suite »
China exports decline slower than expected in August as economy remains under pressureHONG KONG (AP) — China’s exports declined at a slower pace in August, even as the world’s second-biggest economy remains under pressure from weaker demand both domestically and abroad. Exports for August slumped 8.8% from the same time last year, totaling $284.87 billion, and were slower than the 14.5% last month, according to customs data Thursday. Imports slid 7.3% from a year ago to $216.51 billion, but beat consensus estimates of a 9% decline. China’s trade surplus contracted 13.2% to $68.36
Lire la suite »
China exports decline slower than expected in August as economy remains under pressureHONG KONG (AP) — China’s exports declined at a slower pace in August, even as the world’s second-biggest economy remains under pressure from weaker demand both domestically and abroad. Exports for August slumped 8.
Lire la suite »
China’s oil imports surge in August as fuel exports, inventories riseHowever, the broader outlook for China’s economy remains gloomy, with a weaker property sector and sluggish domestic consumption weighing on fuel demand
Lire la suite »
Stocks decline as yields, dollar rise amid global demand worriesKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Lire la suite »
Global business activity showed signs of slowdown in August -PMIsKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Lire la suite »