Gold climbs $25 in a fresh challenge to all-time highs ...Middle East

Gold is shining again today, up $25 to $2519 in a quick recovery after a three-day decline that ended Tuesday.It's an impressive bounce that runs counter to recent seasonal weakness in Sept/Oct. There is a sense that China is behind the buying, particularly Chinese investors who have been burned by real estate and domestic equities. The PBOC is also building gold reserves but it's not clear how price-sensitive they are. Earlier this year, it looked like they wanted to pause buying above $2200 but they may have decided those levels are unlikely to return.The latest pop in gold price came on US dollar weakness on a soft ADP employment report but was erased on steady initial jobless claims. Tha

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Gold climbs $25 in a fresh challenge to all-time highs ...Middle East

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