Monthly Precious Metals Report
(Sep 2016)Source: ScotiaMocatta
Gold prices have found good underlying support above $1,300/oz and
prices are rallying again now that the Fed is less likely to raise interest
rates in September.
- Physical demand for Gold remains soft in Asia, but there are
some expectations that demand in India will now pick-up as this
year's monsoon has been good.
- Investment and fund buying have been the main bullish drivers
and with the Fed likely to remain on hold, we expect this to