Precious metals market expert Rob McEwen told The Investing News Network in a recent interview about his current views on gold and the commodities market in general.
The chairman and CEO of McEwen Mining said in the interview that the price of gold has reached a seasonal low and will rise again in the fall.
Gold bullion held by the People's Bank of China rose by 740,000 troy ounces. This is equivalent to about 23 tons. Total holdings now stand at 2,137 tons, with about 188 tons added in purchases that began in November.