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

Section:

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...



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