SWOT Analysis: Political Uncertainties Could Keep Precious Metals Positive


Gold traders and analysts surveyed by Bloomberg this week were the most bullish in a year. Those surveyed cited worries over U.S. and European political developments as well as expectations for stronger demand in the Lunar New Year. “Chinese New Year this year will fall on the last week of January, which suggests jewelry purchases are likely to hit their season peak in the next couple of weeks,” Vyanne Lai of the National Australia Bank said.

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