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Gold has best yearly start since 1983: Is sheen returning to yellow metal?

Posted on 20 February 2014

Gold has had the best start to a year since 1983, rallying about 10 per cent year to date. Maybe it is simply a medium term short covering rally. It could be the physical demand for the yellow metal arising from the Lunar New Year celebrations in China or the weaker dollar index, which has been trending lower due to poor economic data releases in the United States.
To try and predict the longer term price trend in gold, we must analyse the supply demand dynamics in detail. The World Gold Council released a report yesterday, titled “Gold Demand Trends” that gives us an insight into the global demand trends for the yellow metal………………………………………..Full Article: Source


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VRS - who has written 37015 posts on Opalesque Commodities Briefing.


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