While gains this morning are not significant in #gold, the market has managed to maintain positive traction despite modest EARLY strength in the #dollar.
However, US treasury rates have posted a lower low in yield, with the lowest yield registered since August 15th. Unfortunately for the bull camp, gold ETF holdings fell by a significant 163,346 ounces yesterday pushing year-to-date sales to 4.1%.
In another negative demand development overnight Chinese net gold imports through Hong Kong declined 26% last month with overall Chinese net imports AT 25.7 metric tons compared to 34.6 in the previous month...[MORE]
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