China Slowdown Pressuring Gold, Commodity Prices

With a strong possibility there may be a slowdown in economic growth in China, prices for gold and other commodities have been under pressure because of slowing demand.

In the FOMC meeting today, there was no signal one way or the other that there will be another round of quantitative easing, also pressuring gold prices, which were down to $1,686.30 an ounce, falling $13.50.

Even with unsubstantiated concerns over the Chinese economy, silver, copper and oil prices all rose on Tuesday.

Some market analysts are considering no news is good news from the FOMC, as they are taking it, or at least, spinning it that the U.S. economy is on its way to recovery.

It's not of course, but the media is so in bed with Obama it's hard to get reliable and honest economic data and analysis at this time.

Much of the recent concerns over China came from the release of data showing China now has the largest trade deficit in a minimum of 22 years.

Retail sales were also down for January and February 2012, and factory production gained the least since 2009. All below analysts' expectations.

The jury is still out on the Chinese economy, and the American economy continues to struggle, and the economic data, at best, is dubious, as enormous debt, uncontrolled government spending, and fudged unemployment numbers are being spun to make it look like we're on the way to recovery, when the economy continues to be in shambles.

Gold prices will continue their upwards run for some time, although we'll continue to see these price fluctuations as it rises.