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U.S. China Trade War Escalates as Russia and China Accumulate Gold

Russia Buys 600,000 oz Of Gold In May After Dumping Half Of US Treasuries In April

 

News and Commentary

Gold prices edge up from 7-month low (Reuters.com)

Gold bid in Asia, attempts break above 50-hour MA (FXStreet.com)

Consumer sentiment hits six-month low on ‘darkening cloud’ of tariffs (CNBC.com)

Gold buying picks up in India on low prices (Reuters.com)

South African Gold Output Falls Most Since February 2017 in May (Bloomberg.com)

India’s Gold Bars Imports Skyrocketed 260% in Q1 (ScrapMonster.com)

U.K. House Prices Fall as London Decline Intensifies (Bloomberg.com)

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Source: Bloomberg

Get ready for a US “wage explosion” (MoneyWeek.com)

Debt Train Will Crash (MauldinEconomics.com)

CHINA takes control of GOLD from the COMEX (GoldSeek.com)

Gold Standard Requirements And Currency Crisis (GoldSeek.com)

US Housing Bubble Enters Stage Two (DollarCollapse.com)