Gold Near $4,330 as Rate-Hike Bets Hit 70% and China Acts

26.06.08

Five forces are moving gold and silver right now. Strong U.S. jobs data has pushed Fed rate-hike odds above 70%. China’s biggest banks raised gold trading margins to 120% — pushing leverage below 1x. The People’s Bank of China extended its buying streak to 19 straight months. Iran announced an…Read More

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