But the prospect of Chinese economic officials tightening monetarypolicy has negative demand implications for raw commodities, including the precious metals.
The EU debt situation shared the spotlight with China Monday as Chinesemonetary authorities loosened monetarypolicy over the weekend by reducing reserve requirement ratios on domestic bank reserves.
The policy point is that the "imbalances" resulted more from reckless monetarypolicy than from spendthrift American consumers or Chinese exchange-rate policy.
Traders and investors will continue to closely monitor U.S., EU and Chinese economic data for early clues on monetarypolicy actions from the central banks.
Precious metals traders and investors will continue to closely monitor U.S., EU and Chinese economic data for early clues on monetarypolicy actions from the central banks.