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

Chinese holiday demand supports gold rally

Posted on 16 January 2014

Chinese buyers have been quietly supporting bullion prices through their most recent rally, snapping up gold ahead of the Lunar New Year holiday, when the precious metal is given by family and friends as gifts.
The world’s biggest gold buyers are showing a willingness to pay more than investors elsewhere to get their hands on the commodity, which is coming off its worst year in decades, with prices having slumped nearly a third, snapping a decadelong bull run………………………………………..Full Article: Source

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VRS - who has written 40596 posts on Opalesque Commodities Briefing.


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