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ThSeeker

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ThSeeker

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Monday, 03/20/2017 10:00:54 AM

Monday, March 20, 2017 10:00:54 AM

Post# of 4985
At the close in Shanghai today, the gold price was trading at 277.50 Yuan, which directly translates into $1,249.98. But allowing for the difference of gold being traded this equates to a price of $1,244.98. This more than $16.18 higher than the New York close and $12.22 higher than London.
 
The price differential between the three centers is widening again as China once again is leading the way on gold prices. But you will note that Chinese gold prices have barely changed in the last two days leading to the conclusion that Shanghai is making the gold price but exchange rate changes are changing prices in other currencies. The dollar continues to weaken taking gold prices higher there.

http://news.goldseek.com/GoldForecaster/1490011380.ph

It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.

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