Chinese silver stocks have fallen sharply to their lowest level in 10 years, signaling possible global supply pressure and new trading opportunities for investors. Know what’s driving the fall and what it means for traders in India.
China
Stocks Bounce Back as Gold Loses Shine Amid Renewed Investor Confidence
Stocks edged up on Tuesday, taking comfort from a possible easing in trade tensions between the U.S. and China and an ebbing of nerves over credit risks in the banking sector, which in turn nudged gold lower.
China CPI inflation arrives at 0% YoY in July vs. -0.1% expected
China CPI inflation Outlook: China Consumer Price Index (CPI) was unchanged in July from a year ago after rising 0.1% in June, the National Bureau of Statistics of China reported on Saturday. The market consensus was for -0.1% in the reported period.
US-China trade truce back on track after London talks
The US and China have reached a new framework to revive their trade truce, with both sides signaling readiness to ease tariffs and resolve rare earth export issues.
Gold ETFs attract Rs 6,657 crore inflow in 2020
Gold ETFs : Economic downturn due to coronavirus pandemic and weakness in the US dollar encouraged investors to infuse a whopping Rs 6,657 crore in gold exchange-traded funds in 2020.