Gold Price Immune to China’s New Tax Control; USA Labels Silver as ‘Critical’ – BullionVault

As global financial markets continue to fluctuate, the world of precious metals remains largely unperturbed. China’s recent introduction of new tax controls has surprisingly had no impact on the gold prices. These new measures were designed to better regulate the bustling gold trade industry in the country. However, across the Atlantic, the United States has declared silver as ‘critical’. This announcement is speculated to spur an increased interest and investment in the silver market, potentially driving up the price. Still, gold’s stronghold remains unshaken, emphasizing the metal’s inherent stability and security as an investment. This further proves the wisdom behind investors’ preference for gold in economically uncertain times. Read More