Gold and silver futures advanced Monday morning alongside financial markets
across the globe after China lowered the reserve requirement ratio for its banks
by 25 basis points. The move by the Peoples Bank of China (PBOC) marked the
latest maonetary easing measure designed to help stimulate an economy whose
growth has slowed considerably in recent months. Analysts at Citigroup predicted
in a note to clients that the PBOC will lower the reserve requirement three
additional times by the end of the year.
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