China warns of ‘potential storm,’ is gold paying attention?

China warns of ‘potential storm,’ is gold paying attention?


It’s one week later, and gold is trading near the same levels. There was a short rally higher due to China’s Evergrande fears. But the move failed to gain momentum, and prices are back to near $1,750 an ounce. Here’s a look at Kitco’s top three stories of the week.

3. Another debt ceiling warning from Yellen: ‘Let’s not plunge ourselves into financial crisis’ + Looming debt ceiling crisis: will U.S. Treasury use the $1 trillion platinum coin option?

2. Gold price drops as Powell talks ‘gradual’ tapering, downplays Evergrande contagion concerns

1. ‘Possible storm’ ahead – China warns local officials of potential Evergrande collapse

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Source link

Hi, my name is Ankita Dixit. I started writing from young age and most of my writing skills and knowledge are self taught. Currently, I am working as a professional writer at I have write on various topics including travel, motivation, finance, technology, credit cards, insurance and entrepreneurship etc.