Big news broke last Friday morning by Reuter’s Peter Hobson and others writing an exclusive report on revamping Chinese gold demand this April and May 2021.
Headlines read, “China renews appetite for gold with US$8.5 billion set to arrive as central bank relaxes quotas.”
China’s appetite for gold jewelry, bars, and coins has recovered as the economy rebounded in recent months.
We had very fundamentally bullish bullion news this past week, have a look. Read more…..
Chart of the Day
Apr.09 — Mohamed El-Erian, a Bloomberg Opinion columnist, advises investors to “keep an eye on flows.” He speaks with Bloomberg’s Jonathan Ferro on “Bloomberg The Open.” El-Erian’s opinions are his own.