Yingxi Yu
Yingxi Yu
action elevated impressive price prices remain strong suggest technical trends various
The strong price action and impressive technical trends in various currencies suggest prices should remain elevated in 2006.
below group metals platinum recent remain
The platinum group metals remain well below their recent peaks.
ahead conditions expect holiday market mood price remain spark thin though trading weekend
We expect the market to remain in consolidation mood for now, though thin trading conditions ahead of the long holiday weekend could well spark big price movements.
bring factors near positive prices top
We see some positive factors that could potentially bring prices near the top of this range.
appears downside further generally market near potential pressure supported unlikely violent weakness
We see potential for further downside pressure over the near term, but the market generally appears well supported at the moment. So any weakness is unlikely to be very violent or major.
broader further likely prices remain rule volatile weakness
We will not rule out the possibility of further weakness and prices are likely to remain volatile in a broader range.
associated negative stigma
There is still a negative stigma associated with hedging.
either expect fresh gold lack mood move near remain trigger
With a lack of fresh catalysts to trigger a significant move in either direction, we expect gold to remain in its consolidation mood over the near term.
continue depend largely price short term trends
Short term price trends will continue to largely depend on gold.
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.
continue overall potential upside
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.
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.
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.