Chinese gold demand supports price
At ABC Bullion we noticed the same increased buying from Chinese & Indonesians on Friday in the store and online.
From
King News World:
Gold and silver bounced off of the lows today
because of massive buying from the Chinese. A trader out of London told
King World News, “The
price discount in gold is the most welcome thing to the entire Eastern
Hemisphere. The Chinese are buying very relentlessly because they know
what is going to happen. We had a major, major physical buy order
today. The Chinese bought a massive amount of physical today at the
lows.”....
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