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.
China
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.