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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Gold starts 2014 with a bang

Posted on 07 January 2014

Last week gold had its biggest weekly gain in over 10 weeks, a great start to 2014. Gold was lifted by strong Chinese buying, coin demand and record low speculative positions.
It looks as though the gold market may almost be resetting itself as significant fundamentals are returning to levels seen pre-crisis, suggesting major speculators are moving out of the paper gold market. If this is the case, then physical gold may begin to impact its own price, rather than the paper gold market dominating………………………………………..Full Article: Source


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VRS - who has written 39872 posts on Opalesque Commodities Briefing.


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