Monday, August 24, 2015

Gold Price firms amid China’s ‘Black Monday’ shocks global financial market

GOLD PRICES held firm in a tight range on Monday in London, trading above $1155 per ounce as China’s ‘Black Monday’ panic grips global financial market.

The benchmark Shanghai Composite fell by up to 8.5 per cent, erasing all of its 2015 gains. China on Sunday finalized rules to allow its big government pension fund for the first time to buy stocks, a move that could free up billions of dollars for share purchases, the official government Xinhua News Agency reported .... http://justmarketnews.com