View full page at metalsmine.com

 

Venezuela Sells $400 Million In Gold As Metal Hits 4-Month Lows... Coincidence? Analysts Weigh In

From kitco.com

Is Venezuela’s massive gold sale impacting gold prices this week as the yellow metal drops to four-month lows? Analysts weigh in, telling Kitco News to watch investor sentiment. Venezuela sold off $400 million worth of gold, Bloomberg reported on Monday. This news followed Reuters’ report that Venezuela got rid of eight tonnes of gold from its central bank’s vaults at the beginning of April. The sale was completed despite international sanctions keeping the South American country’s reserves frozen while Venezuela battles through political and economic crises. (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis