Nickel Advances as China’s March Loan Data Exceeds Estimates
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"
People’s Bank of China Increases Control of Country’s Gold Market
Gold – Forbes reported that China's Central Bank is placing a tighter hold on the gold market by implementing trading restrictions.
Could The Price of Gold Reach Past $2,500 in 2012?
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 Demand in China Booming
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.
World Gold Council Says Demand from China May Double Sooner than Expected
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.
Will Gold Hit $2000 by 2012?
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."
