Gold Prices Break 6-Year-Long Downtrend On Safe Haven and 50% Surge In Chinese Demand
By GoldCore
GoldSeek.com
Wednesday, 7 June 2017
– Gold prices break 6 year down trend on safe haven demand (see charts)
– Chinese gold demand set to surge 50% to 1,000 metric tonnes
– Chinese demand for gold bars on track to surge more than 60 percent in 2017
– Geopolitical risk internationally leading to safe haven demand
– UK election, terrorism and rising tensions in Middle East supporting gold after attacks in London and attacks in Iran today
– Gold is 12.5% higher for year and outperforming stocks (see table)
Gold prices have broken out above the six year long downtrend (see charts) due to a 50% surge in Chinese demand and increasing safe haven demand internationally.
The Rest…HERE
