Silver Market Morning: Mar 10 2017 - Gold consolidating after the Jobs report!

Snippet: 
The demand for gold in Shanghai at the moment is not sufficient to lift its own prices let alone those of New York or London, as we see above. This is in the face of a weakening Yuan. The head of the People’s Bank of China stated that the Yuan exchange rate will remain stable going forward. We are always wary of central bank statements on exchange rates, because history shows that such statements are usually way off the mark.

Gold Today

Friday, March 10th


First published here: Silver Market Morning: Mar 10 2017 - Gold consolidating after the Jobs report!

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