Monthly Precious Metals Report
(Jan 2017)Source: ScotiaMocatta
Gold prices continued to sell-off in anticipation of a US interest rate rise
in December – after the rise, prices started to build a base; they have
- Continued stale long liquidation by funds has gathered pace,
with fund short selling noted ahead of the FOMC meeting.
- Geopolitical uncertainty over the change in US administration
and capital outflows from China are boosting demand.