Nickel – Bloomberg reported that nickel and other base metals gained as China’s loan data in March exceeded initial forecast.
Articles Tagged "Peoples Bank of China"
Gold – Forbes reported that China's Central Bank is placing a tighter hold on the gold market by implementing trading restrictions.
Gold – In 2010 some analysts thought John Embry's forecast of the 2012 gold price, which placed the yellow metal between $1,500 and $2,000 an ounce, was too optimistic. Now it seems that Embry may have undershot the mark.
Silver – The growing attitude towards silver as an investment tool in China is adding significant demand for the white metal. Imports of silver to China reached a record last year, and continue to be strong. As concerns about the strength of the economy grow, Chinese citizens are looking to silver as a safe haven asset.
Gold – The World Gold Council (WGC) says China’s growing demand for the precious metal may double sooner than its original prediction of 2020 as both private and institutional investors move to increase their holdings as a hedge against international inflation concerns.
Gold – Sprott Asset Management's chief investment strategist, John Embry, told Mineweb’s Gold Weekly podcast listeners Wednesday that if gold’s “not between $1,500 and $2,000 in the next 18 months, I'm dead wrong."