Thursday, May 4, 2017

Gold price divergence between London and Shanghai climbs to $28 following continued beatdown in paper markets

With economic and geo-political events allowing for the West to continue to beatdown the gold price in the paper markets over the past four weeks, the divergence in price between the London daily gold fix and the Shanghai Gold Exchange has risen to over $28 in just the past few days.

In fact just two weeks ago on April 21, the difference in price between the two markets was just $8.

Shanghai Gold Fix:


London Gold Fix:


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