Friday, June 30, 2017

Gold price difference between London and Shanghai back over $20

While London and the Comex in New York continue to hold the power of establishing the price of gold throughout the global markets, more and more are we seeing individual countries cede to the price being established by the world's largest physical market.  And despite the fact that the dollar has fallen over 9% since the beginning of the year, the gold price has not reflected this as manipulation continues to run rampant in the paper market.

For most of 2017 the price fix at the Shanghai Gold Exchange has stayed relatively level with the fix established in London each day.  However over the past week prices has been diverging sharply, with the price in Shanghai now back to over $20 more than the price of gold at the Comex.

Shanghai Gold Price - June 29, 2017

London Gold Price - June 29, 2017


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