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Gold lifts again on China news report
According to news wire reports released just now, China is to increase its gold and silver reserves by between 5 and 10% by 2027. This news has sent Gold rising again. Now earlier the metal rose above $3,380 only to fall back down again. The price action has been very volatile and unpredictable so far today, but there is no doubting this news is a positive for both metals. The earlier fall from above $3,380, to below $3,360 has now been met with a fresh European session high above $3,384. Gold is trading right now at $3,382.05
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