You are here

China's Golden Week holiday explains gold's counterintuitive weakness, Zero Hedge says

Section: Daily Dispatches

Is This The Real Driver Of Gold's Recent Weakness?

From Zero Hedge, New York
Sunday, September 29, 2019

Despite uber-dovish Fed jawboning (and a re-expansion of their balance sheet), a liquidity crisis prompting repo action by New York Fed, re-escalated trade tensions, a breakdown in talks with North Korea, and, of course, the Trump impeachment process, safe-haven precious metals were pummeled lower the last few days, breaking back down below $1,500.

The question on many investors' minds is: Why?

The answer is surprisingly simple: China's Golden Week holiday. ...

... For the remainder of the commentary:

https://www.zerohedge.com/commodities/gold-prices-plunge-right-cue-china...



ADVERTISEMENT

Storage and Withdrawal of Gold with Bullion Star in Singapore

Bullion Star is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore.

Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop shop for precious metals in Singapore.

Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage rates are competitive.

For more information, please visit Bullion Star here:

https://www.bullionstar.com/



Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Friday-Monday, November 1-4, 2019

https://neworleansconference.com/noic-promo/powellgata/

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16