China may raise their interest rates over the weekend.
This may bring metals prices down if the speculation holds true. China has been doing everything they possibly can to combat inflation in their country, and it’s been a couple months since they last raised the rates as we have mentioned before. When governments raise rates, they do not do it all at once, again, they have to aclimate the public to the increases gradually. That being said, another rate hike is due and would be no surprise.
The information floating around the financial markets at the time are almost certain that a raise will come. With the holidays coming in the US, it will be an excellent time for the Chinese to make the necessary adjustments and capitalize on the effects as the American public is not paying much attention.
An excellent report by Tatiyana Shumsky explains in great detail how this will effect the precious metals market.