Gold - renewed physical demand may be acting as underpinning the price

Author: Eamonn Sheridan | Category: News

A snippet from an analyst piece on the overnight move higher for the precious metal is interesting:

  • Gold rebounded as a weaker USD and signs of inflation boosted investor demand. 
  • supported by a fall in yields on US Treasuries 
  • A revival in Indian imports is also raising hopes of a recovery in the physical market. Swiss exports to India in January climbed 12% m/m to 38.7t
Bolding is mine. I do wonder if this is enough to support the price should yield begin their march higher again though. The chart does not look overly promising either ...

A snippet from an analyst piece on the overnight move higher for the precious metal is interesting:

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