Gold Silver Reports — After a long downtrend, prices of some rare metals have been recovering since the beginning of the year.
China
Global Economy is Pretty Poor with China as an issue: Gold Zoom
Gold Silver Reports — Gold’s biggest rally in almost four decades has further to run as weak economies and teetering equity markets drive investor demand for the metal, according to Citrine Capital Management LLC.
Better Data on New Economy; China’s Statistics
Gold Silver Reports — The new head of China’s statistics bureau last month visited a Beijing district that’s home to some of the biggest technology companies to deliver the message that his agency must improve tracking of the new economy “as soon as possible.”
Ning Jizhe said in a meeting with Beijing’s mayor and top Communist Party official that it’s challenging to accurately track new industries and business models, according to an article published by his agency, the National Bureau of Statistics. Officials haven’t created systematic ways to collect and classify data on the new economy, said Ning, a close adviser to Premier Li Keqiang who was named to the position in February.
China’s Speculators Engage Commodities
Gold Silver Reports — The recent spike in speculative trading in commodities in China has stunned global markets, according to Morgan Stanley, which cited a jump in local activity for steel, iron ore and cotton as well as eggs and garlic.
China’s Biggest Banks Stand Exposed
Gold Silver Reports — China’s biggest banks stand exposed to their 1st annual profit declines in more than a decade.
China Stocks Zoom Signs of Growth Pickup
Gold Silver Reports — China’s stocks closed at a three-month high, led by technology companies, on signs of a recovery in the world’s 2nd-largest economy.
India, China Demand Key Factor ETF Inflows Boost Gold
Gold Silver Reports ~ Gold has recouped the ground it lost during previous session aided by weaker equities and inflows into Exchange Traded Funds(ETF). Gold surged by around 1 per cent on Tuesday as oil and equities fell.
China’s Bad Loan Ratio Climbed to 1.67 Percent
Gold Silver Reports → Soured loans at Chinese commercial banks rose to the highest level since June 2006 as the nation’s economic expansion slowed to the weakest pace in a quarter century.
China’s Retail Sales Grew 11.2 Percent; Lunar New Year Vacation
Gold Silver Reports ~ China’s retail sales grew 11.2 percent during the week-long Lunar New Year vacation compared with the same holiday period last year, Ministry of Commerce data showed on Saturday.
Gold Buying Expected By China and Russia
Gold Silver Reports – For 2016, the pace of rate hike in the U.S will decide the fate of yellow metal’s prices. Also, a rebound in oil prices is expected to underpin gold going forward.