Greece is in default; the Chinese stock market has practically crashed which has created a spill over towards US listed Chinese companies, prices of gold took a 20 dollar an ounce tumble and dragged other metal down along with it
Category Archives: Gold & Silver Markets
The Mining Industry is wounded
All the markets around the world are in expectation because the severe problems in the European continent. Many indexes were truly hurt in the last couple of days. Specialised media has talked about all the ups and downs in the equity markets but the commodities are being ignored quite a bit.
Gold Recovery and China-PBOC’s Trouble
The economy at an international scale has a stubborn flu. The European Union and Greece situation, denominated by the media as the “Grexit”, is impacting on all the markets and making falling almost all indexes. Even the strong and disciplined Asian potencies are being affected in a way or another. We can see precious metals having weeks of constant sinking and nobody do something about it. Maybe India can be responsible for the recovery of gold, silver and jewellery markets.
Gold is losing the race against the Dollar
These are not good days for gold prices. Too many important and relevant events eclipsing the precious metal market are going on. From America to Greece, there is big news in the economic matter. At every side, gold prices are getting hit and the fall continues.
