China warns of 'potential storm,' is gold paying attention?

September 26, 2021

New York  (Sept 26)  It's one week later, and gold is trading near the same levels. There was a short rally higher due to China's Evergrande fears. But the move failed to gain momentum, and prices are back to near $1,750 an ounce. Here's a look at Kitco's top three stories of the week.

3. Another debt ceiling warning from Yellen: 'Let's not plunge ourselves into financial crisis' + Looming debt ceiling crisis: will U.S. Treasury use the $1 trillion platinum coin option?

2. Gold price drops as Powell talks 'gradual' tapering, downplays Evergrande contagion concerns

1. 'Possible storm' ahead - China warns local officials of potential Evergrande collapse

 

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