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Re: adeezl post# 2543

Friday, 10/31/2014 2:35:00 PM

Friday, October 31, 2014 2:35:00 PM

Post# of 8610
Falling Chinese Inflation May Limit Gold Demand – HSBC
Monday October 27, 2014 8:30 AM


All measures of China inflation are at multi-year lows, which is consistent with weaker gross domestic product and credit growth, says HSBC’s chief China economist Qu Hongbin. Capacity utilization is low and there are signs of slack in the labor markets. Jim Steel, HSBC’s gold analyst, says this does not support greater gold demand in China “as low inflation undermines the inflation hedge demand for gold, and slack labor markets and weak demand imply sluggish consumer interest in luxury goods such as gold jewelry.”

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