Both Gold and Silver ended the week significantly higher on the back of continued FOMC repression. The first week of the Year of Dragon is definatly proving to be interesting. Whilst on that topic, most Chinese buyers have been on a week's holiday to celebrate the new year, they will return come Monday.
On average most buying pressure comes during trading hours in the East and most selling during the Western trading hours as Gold and Silver continue their slow migration eastward. So it is expected that Gold and Silver will continue to trade higher in the coming week as this dynamic restarts.
No comments:
Post a Comment