Yingxi Yu
Yingxi Yu
across days dollar few fresh holding impetus past positions sentiment weakness
There is no market-specific impetus for fresh long positions to be established at present. Sentiment has been weakened by weakness across commodities over the past few days and the dollar is holding up well.
continue overall potential upside
Overall we continue to see upside potential in this market.
buying explain investors price reasons trying
A lot of investors are just buying because the price is going up, then trying to find reasons to explain it.
aggressive dip fund further looking people positive price quite remains selling sentiment strong supported
Any price dip has been quite well supported by fund buying, and aggressive selling has been discouraged. The positive sentiment remains very strong and people are looking for further price gains.
adding backdrop dollar key supportive theme weak
A weak dollar has been the key supportive theme recently, while the surrounding geopolitical backdrop is adding to the support.
among community drive due early enthusiasm last late prices weaker year
The weaker (gold-dollar) correlation late last year and early this year was due to the overwhelming enthusiasm among the speculative community to drive prices higher.
continue near overall potential upside weakness
After yesterday's weakness there could be some consolidation in the near term, but overall we continue to see upside potential in this market.
amount buying current environment fund interests price supportive
I think the current environment is very supportive for gold. There is still a considerable amount of fund buying interests on price dips.
above against environment gold good high oil remain support today trade
Gold is probably going to remain in a range-bound trade today and should find good support above $565 against an environment of high oil prices.
backed bank buying central continue determined dollar dynamics economic gold hopes largely led myriad next physical price scale soaring year
Price dynamics in gold next year will continue to be largely determined by speculative interest, backed by a myriad of justifications like inflationary risks, energy-price led economic slowdown, expectations of a US dollar correction, soaring physical demand, supply-side constraints, hopes of large scale central bank buying and so on.
again few given high likely market past prices testing trading
Given the way the market has been trading over the past few days, we are very likely to see prices testing another 25-year high again this week.
direction general lack volatility
I think near-term volatility is going to persist. There is a general sense of lack of direction in the market.
exists high interest
Interest still exists even at such high prices.
appears downside factors further gains gold limited market pointing quite short
The downside appears quite limited at present...There are factors pointing to further gains in the gold market in the short term.