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Can physical demand boost gold during traditionally dour March?

Posted on 25 February 2014

Gold investors relived by the yellow metal’s strong performance in February, have good reason to take the 7% rise this month as a good portend - historically, February is not a good month for gold. According to UBS, which looked at historical data from the mid-1970s to today, February is usually a weak month for gold returns, “although percentage declines are generally modest on average.”
Indeed, the bank notes, this is not the only seasonal trend that’s at odds with historical norms. “On the physical side, Chinese demand remained strong in February even after the New Year holidays, defying its typical seasonal post-holiday lull.”……………………………………….Full Article: Source


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VRS - who has written 37561 posts on Opalesque Commodities Briefing.


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